The head of the US Office of the Comptroller of the Currency (OCC), Jonathan Gould, said that the regulator would continue the process of issuing a federal trust license in the usual manner and within the time frame established by law. He rejected Warren's demand to postpone consideration of the application until Trump and his family left the company's ownership structure.
Warren called the review a formality and pointed to a serious conflict of interest, while the OCC emphasized that the licensing process must remain apolitical and nonpartisan.
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