ICBA and other groups called on the OCC to withdraw a proposed rule to impose a rules-based approach to what national banks and federal savings associations can do with their buildings, land, and facilities.
Background: The OCC proposal would create general standards for determining whether the acquisition and holding of real estate is necessary for the transaction of a bank’s business.
ICBA Position: In a joint letter, ICBA and other groups said the proposal lacks flexibility and would limit banks' ability to adapt to the post-pandemic environment and changing premises needs.