OCC to Review Banks’ Debanking Practices in Licensing and CRA Evaluations
The Office of the Secretary of the Currency (OCC) shared significant news on Monday, September 8, that aims to “depoliticize banks” and tackle “illegal de-pasting” within the federal banking system. One key update focused on licensing, stating that the OCC is reviewing how banks consider licensing decisions and their evaluations under the Community Reinvestment Act […]