Trade group for state regulators drops suit over Figure’s bank charter

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The Conference of State Bank Supervisors abandoned a lawsuit against the Office of the Comptroller of the Currency that had challenged the San Francisco fintech’s effort to become a national bank without deposit insurance. The company recently amended its application to drop that controversial element.

Read the full article at: www.americanbanker.com

Source: https://www.lendacademy.com/trade-group-for-state-regulators-drops-suit-over-figures-bank-charter/

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