CUNA, NAFCU Ask Congress to Intervene in OCC Payments Plan

Acting Comptroller Brian Brooks of the Office of Comptroller of the Currency claims he can grant special charters to companies handling payments, without going through the traditional rulemaking regulatory process. Many financial trade groups disagree and note there are substantive issues involved in granting these charters.

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CUNA, NAFCU Ask Congress to Intervene in OCC Payments Plan

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Related:

Office of the Comptroller of the Currency to Issue Charters to Payment Companies

Credit Union Trade Groups Accuse OCC of Short-Circuiting Regulatory Process

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