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Home » Store » Taxable » OCC Provides Banks with Guidance on Abusive Lending

OCC Provides Banks with Guidance on Abusive Lending

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The Office of the Comptroller of the Currency has provided banks with guidance on ways to avoid making abusive loans. “Fair treatment of customers is fundamental to sound banking practices,” said the OCC in its 21-page guidance, published in the Feb. 7 Federal Register. The guidelines are based on advice provided in two letters, issued in 2003, that aimed to help banks steer clear of bad lending practices by, among other things, cutting ties with…
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