Rain seeks US trust bank charter amid OCC challenge

Rain seeks US trust bank charter amid OCC challenge

Stablecoin payments infrastructure provider Rain has filed an application to establish a national trust bank headquartered in New York, adding to a wave of crypto companies seeking bank charters over the past year. Rain said this on Monday filed Application to the Office of the Comptroller of the Currency (OCC) for establishment of Rain National … Read more

Community banks sue OCC

Community banks sue OCC

A community bank group has sued a US bank regulator, claiming that its decision to allow cryptocurrency companies to obtain limited national trust bank charters exceeded the authority the agency gave Congress. The Independent Community Bankers of America (ICBA) Filed a case Friday in the U.S. District Court for the District of Columbia. The group … Read more