Lawmakers Question World Liberty Financial’s OCC License

Several U.S. lawmakers have sent a letter to Treasury Secretary Scott Bessent, expressing concerns over World Liberty Financial’s application for an OCC national trust bank license. The lawmakers are particularly worried about the company’s foreign ownership and potential political influence. They have requested clarification on how the approval process will prevent interference from foreign governments or political forces. Additionally, they seek details on the roles of the White House, OMB, and the Treasury Department in the OCC licensing decision, with a response expected by February 26.