The OCC has issued two bulletins clarifying how it will handle
debanking at its supervised institutions.
One bulletin states that the agency will
assess debanking in connection with licensing activities,
including, but not limited to, charter applications, charter
conversions, applications to exercise fiduciary powers, branch
applications and requests for approval of business combinations,
and as part of its Community Reinvestment Act reviews.
“Specifically, the OCC considers a bank's past
record and current policies and procedures to avoid engaging in
politicized or unlawful debanking when the agency evaluates the
applicable statutory and regulatory factors for licensing
activities,” the OCC said, in announcing the bulletins.
“Debanking considerations are also assessed in determining a
bank's CRA rating.”
