BPI Weighs Lawsuit Over Licensing of Crypto and FinTech Firms

March 10, 2026
1:02 am

BPI Weighs Lawsuit Over Licensing of Crypto and FinTech Firms

The Bank Policy Institute (BPI) is considering suing the Office of the Comptroller of the Currency (OCC) over the banking regulator’s decisions to allow crypto, payment and FinTech companies to operate under national bank trust charters, The Guardian reported Monday (March 9), citing an unnamed source.

BPI and other banking groups have argued that these licenses could put consumers and the financial system at risk by allowing these companies into the financial system without the same controls required of banks, according to the report.

The association has not yet decided whether to pursue legal action, per the report.

BPI did not immediately reply to PYMNTS’ request for comment.