US bank regulator warns against 'worrisome' state laws targeting banks
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Michael Hsu, head of the Office of the Comptroller of the Currency (OCC), warned that the agency may push back against state laws targeting national bank activities on political grounds. Hsu stated that these laws are causing greater fragmentation of the financial system and the OCC may challenge them. Several states, including Texas, Florida, and Tennessee, have passed or considered legislation aimed at policing bank policies deemed discriminatory on political grounds. Hsu emphasized the importance of federal preemption of state laws that interfere with national bank operations and regulation, stating that it is central to the nation's banking system.

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https://www.investing.com/news/economy-news/us-bank-regulator-warns-against-worrisome-state-laws-targeting-banks-3523438