Tag: special_purpose_credit_programs
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Federal Agencies Rescind Special Purpose Credit Programs Statement
Federal agencies, including the OCC, have rescinded the 2022 Interagency Statement on Special Purpose Credit Programs. This move clarifies that creditors must not discriminate and should not rely on the outdated guidance, following amendments to Regulation B.
Politics and GovernmentBusinessFederal GovernmentBankingLegalSocial Issues OCCSpecial Purpose Credit ProgramsEqual Credit Opportunity ActRegulation BFair LendingConsumer ProtectionInteragency StatementOffice of the Comptroller of the Currency (OCC)