BNC Squared: Trust Charter Lawsuit and AI Bank “Runs”
Is an AI-induced bank run coming, or is that just banking getting more competitive?
In the October episode of Bank Nerd Corner Squared, Kiah and cohost Alex Johnson of Fintech Takes break down the biggest stories in the bank space.
First up is the ICBA’s lawsuit against the OCC and Comptroller Jonathan Gould over trust bank charter approvals. The group argues the OCC has far exceeded its statutory authority by letting companies use trust charters as an effective side door into the banking system. Kiah and Alex dig into whether the case holds up and whether the ICBA can actually prove the harm…
The skinny
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