Reported 3 months ago
The head of the Office of the Comptroller of the Currency (OCC) in the U.S., Michael Hsu, raised concerns about states enacting laws that could fragment the financial system by politicizing national bank activities. Hsu mentioned the OCC may start pushing back against such laws that force banks to take political sides, emphasizing the importance of federal preemption to defend the nation's banking system's safety and soundness.
Source: YAHOO