US bank regulator warns against ‘worrisome’ state laws targeting banks
A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the “worrisome trend” of states adopting laws meant to police national bank activities on political grounds.
Michael Hsu, head of the Office of the Comptroller of the Currency (OCC), said in a speech that such measures are pushing “greater fragmentation” of the financial system, and the OCC may begin challenging those measures.
Source: REUTER
