The Office of the Comptroller of the Currency (OCC) filed an amicus brief with the United States Court of Appeals for the Tenth Circuit in National Association of Industrial Bankers v. Weiser, urging the court to consider the case before the full court. The brief argues that the panel decision undermines the benefits of the federal interest rate framework Congress granted to state banks and would place them at a significant competitive disadvantage relative to national banks. The filing builds on Comptroller of the Currency Jonathan V. Gould’s 9 December statement that the panel decision is inconsistent with Congress’s efforts to create competitive equality between state- and federally chartered banks. The OCC reiterated its support for the dual banking system, including preemption of state laws for state-chartered banks as permitted by law, and noted its support for the Federal Deposit Insurance Corporation’s related amicus filing.
Office of the Comptroller of the Currency 2025-12-17
Office of the Comptroller of the Currency files amicus brief urging Tenth Circuit rehearing to preserve federal interest rate framework for state banks
The Office of the Comptroller of the Currency (OCC) filed an amicus brief with the U.S. Court of Appeals for the Tenth Circuit in National Association of Industrial Bankers v. Weiser, arguing that the decision undermines the federal interest rate framework and disadvantages state banks. Comptroller Jonathan V. Gould emphasized the decision's inconsistency with Congress's intent for competitive equality between state and national banks. The OCC supports the dual banking system and the Federal Deposit Insurance Corporation's related amicus filing.