OCC files to motion to dismiss CSBS lawsuit seeking to block OCC approval of Figure Technologies charter application
CFPB Monitor
MAY 4, 2021
The lawsuit represents CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies. In the third complaint, CSBS also asks the court to declare that the OCC’s preemption regulations (12 C.F.R. The first two lawsuits were dismissed on ripeness grounds.
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