| On World Liberty Trust Co
Fair Finance Watch Challenge Belatedly Noted
by OCC Here
by
Matthew Russell Lee, Patreon Book
Substack
SOUTH
BRONX/SDNY, Feb 9 –
Amid the FDIC's bid to
eliminate public notice of and
public comment on branch
applications, when Inner City
Press simultaneously
challenged Bunq and World
Liberty Trust Company, by 7 pm
on January 14 the OCC had only
acknowledged FFW's comment on
Bunq - nothing on WLTC - even
on February 8 while the
comment period is running, set
to expire on February 9 after
a January 6 filing.
This
as the OCC
says its
reviews are
apolitical.
On February 8,
FFW filed again, including
that
"especially now
given the UAE investment in
World Liberty issues, there is
no justification for the OCC
not acknowledging timely
comments in opposition, such
as those filed to date by FFW,
and not putting any comment on
the application on it webpage
of comment on applications."
Later on
February 9, this from the OCC:
"Dear Mr. Lee:
The Office of the Comptroller
of the Currency (OCC)
acknowledges receipt of your
emails dated January 14,
February 2, and February 8,
2026, regarding the above
referenced application. We
appreciate your comments and
will consider these remarks
during our review of the
application. Please include
the OCC control number on any
correspondence related to this
filing. If you have any
questions, please contact the
undersigned. Sincerely,
Jonathan S. Borton Analyst,
Chartering, Organization and
Structure Office of the
Comptroller of the Currency."
Now on Inner City Press'
DocumentCloud here
Now what?
See, e.g., Sept
10, 2025: https://www.americanbanker.com/opinion/the-fdic-is-undercutting-a-key-element-of-the-cra
But now the
Federal regulator(s) blithely
propose(s) to eliminate public
notice and public comment on
banks' proposals to
expand. The above-quoted
reasoning is that few comments
are filed. So, that is now
changing.
***
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