occ
OCC’s final rule requires banks to jump through additional administrative hoops in denying credit based on risk. Q3 2020 hedge fund letters, conferences and more BERKELEY, CA—Jan. 15, 2021—The Office of the Comptroller of the Currency (OCC) has finalized the Fair Access to Financial Services rule a day after current OCC head Brian Brooks announced his resignation. As global banks increasingly tighten credit to clients that pose significant climate risk, including coal projects and Arctic oil and gas projects, the OCC rule establishes new hurdles to banks exercising risk management. The OCC’s f...
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Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule. Rather than proposing the promised thresholds, the OCC is instead launching a data collection effort to obtain the very data that should have been the basis of its final rule.Q3 2020 hedge fund letters, conferences and moreStatement On The Proposed CRA ThresholdsJ...
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