The OCC issued a notice of proposed rulemaking to streamline regulations concerning public welfare investments, open market collateralized loan obligations, and federal savings association nondiscrimination requirements.
Details: The OCC said that, consistent with President Donald Trump’s deregulatory initiative, the proposal rule:
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Would remove certain references to minority- and women-owned entities in the regulations for Community Development Corporation and Project Investments and Other Public Welfare Investments.
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Rescind the credit risk retention requirements for open market collateralized loan obligations.
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Remove certain duplicative non-discrimination requirements for federal savings associations.