The Office of the Comptroller of the Currency published a statement by Comptroller Jonathan V. Gould responding to the US Court of Appeals for the Tenth Circuit’s decision in National Association of Industrial Bankers v. Weiser, warning that allowing Colorado to dictate the interest rate an out-of-state state bank may charge on certain loans could undermine multi-state lending programs and disadvantage state banks relative to national banks and Federal savings associations, and calling for courts or Congress to remedy the outcome to preserve competitive equality.
Office of the Comptroller of the Currency 2025-12-09
Office of the Comptroller of the Currency urges remedy after 10th Circuit lets Colorado dictate rates on certain out-of-state state bank loans
The Office of the Comptroller of the Currency, via Comptroller Jonathan V. Gould, responded to the US Court of Appeals for the Tenth Circuit's decision in National Association of Industrial Bankers v. Weiser. Gould warned that allowing Colorado to set interest rates for out-of-state state banks could undermine multi-state lending programs and disadvantage state banks compared to national banks and Federal savings associations. He called for judicial or legislative action to maintain competitive equality.