The Office of the Comptroller of the Currency this morning finalized a rule to prevent large banks from limiting their lending activities to certain industries, just hours after Acting Comptroller of the Currency Brian Brooks said he was leaving the agency.
A federal bank regulator’s plan to begin processing applications to provide charters to payments firms has drawn opposition from state bank supervisors.
Massachusetts’ senior senator wants the interim head of the Office of the Comptroller of the Currency to rescind his predecessor’s efforts to update the agency’s Community Reinvestment Act regulations.
