Despite political pressure, OCC will process the application from World Liberty Financial for a banking license.

The Office of the Comptroller of the Currency (OCC) has finalized its position regarding the company World Liberty Financial. Despite active requests from some members of Congress, the regulatory agency has decided to continue the standard review process for the bank license application for WLFI. This decision reaffirms OCC’s intention to adhere to transparent and uniform criteria when evaluating any licensing candidates.

Opposition from the Congressional Wing

The pushback came from Senator Elizabeth Warren, who contacted the OCC requesting a special investigation. The reason for the request was Donald Trump’s connection to the company. The senator expressed concern about how the involvement of an influential political figure in the structure of World Liberty Financial could affect the objectivity of the regulatory assessment.

OCC remains committed to its procedures

Despite these concerns, the OCC officially rejected the request for a special investigation. The regulator stated confidence that its long-established standard procedures for license evaluation will fully ensure an objective and fair review of the application. The OCC emphasized its independence in decision-making and readiness to apply the same criteria to all applicants regardless of their political or status background.