OCC used “outdated, unclear” guidance for redlining exams

Jun 22, 2022 |

A congressional watchdog determined a federal agency responsible for overseeing national banks — the Office of the Comptroller of the Currency (OCC) — has followed procedures “inconsistently” and used “outdated” and “unclear” guidance when examining banks for potential instances of redlining. Democratic lawmakers Rep. Joyce Beatty of Ohio, Rep. Gregory Meeks of New York and […more]

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