OCC Chief Open to Sharing World Liberty Application With Warren

• OCC chief signals openness to lawmakers reviewing World Liberty’s bank charter filing.
• Warren seeks an unredacted application to verify required shareholder disclosures.
• OCC says review will follow standard procedures despite political scrutiny.

The head of the Office of the Comptroller of the Currency (OCC) said that he would consider allowing senior lawmakers to review the bank charter application filed by World Liberty Financial, a cryptocurrency venture backed by members of President Donald Trump’s family. The application seeks approval to establish a national trust bank, a designation that would permit the firm to manage client assets and process payments but not accept deposits or issue loans.

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