Original Source Material
The application comes amid fierce blowback from a bank trade group leader who criticized the OCC’s “unfettered discretion” on which firms get charters and for which activities.
Morgan Stanley partner Zerohash applies for OCC trust charter
Summary
- Morgan Stanley partner Zerohash is applying for an OCC trust charter.
- There is backlash from a bank trade group leader who criticizes the OCC’s discretion.
Why It Matters for Texas Credit Unions
The article discusses potential changes in regulatory oversight that could impact all credit unions, including those in Texas.