OCC to Rigorously Review World Liberty Financial's Trust Bank License Application

The U.S. Office of the Comptroller of the Currency (OCC) has confirmed that the application for a national trust bank license by World Liberty Financial (WLF) will undergo strict scrutiny under current regulatory standards. According to Odaily, this decision comes in response to Senator Elizabeth Warren's previous request to halt the review process. Warren has raised concerns about the project potentially generating billions in 'paper wealth' for U.S. President Donald Trump and his family. OCC regulatory official Jonathan Gould emphasized that WLF's application will be subject to the same rigorous evaluation as any other application.