The National Community Reinvestment Coalition is urging the Office of the Comptroller of the Currency to reject Stripe's application for a national trust banking charter. They argue that Stripe's history of legal issues and inadequate consumer protections make it unfit for banking services. If approved, the charter would allow Stripe to operate with less regulatory oversight.

The National Community Reinvestment Coalition is pushing back against Stripe's application for a national trust banking charter, arguing that the company has a history of legal issues and lacks the legitimacy needed for such a designation. The charter would allow Stripe to offer banking services with fewer regulations, raising concerns about consumer protection and systemic risk.