ABA Banking Journal Commentary

ABA urges OCC to provide stronger safeguards, clearer rules for charter applicants

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AI Summary

ABA recommends the OCC maintain strong safety and soundness standards, increase transparency in the chartering process, and update naming rules. The association calls for cautious development of new regulatory frameworks.

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Original Content

As the OCC considers revising its chartering rules, the agency should seek to uphold strong safety and soundness standards, increase transparency in the chartering process, and move cautiously as new regulatory frameworks develop, ABA said. The association also called for updated naming rules to ensure charter applicants do not misrepresent the services they intend to offer. The post ABA urges OCC to provide stronger safeguards, clearer rules for charter applicants appeared first on ABA Banking Journal .