Banking and Finance Law Daily Wrap Up, PRUDENTIAL REGULATION—ICBA urges OCC to deny Modern Treasury’s national trust bank charter bid, (Nov 4, 2026)
Organizations Mentioned:Independent Community Bankers of America | Modern Treasury Corp
By Suzanne Cosgrove
The proposed bank would combine fiduciary digital asset custody with non-fiduciary fiat custody, a structure ICBA argues exceeds the OCC’s national trust bank authority.
The Independent Community Bankers of America (ICBA) is urging the OCC to r ...