The Financial Technology Association (FTA) submitted a comment letter in support of the Office of the Comptroller of the Currency’s (OCC) Notice of Proposed Rulemaking (NPRM) on National Bank Chartering. FTA strongly aligns with the OCC’s objective to clarify the longstanding authority of national trust banks to engage in non-fiduciary activities in addition to their traditional fiduciary functions. We believe these proposed changes are necessary to increase clarity and maintain the competitive integrity and safety of the U.S. financial system.
Read FTA’s full comment letter here to learn more.