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HUGE NEWS: The OCC's Proposed Rule Change for Banks

Posted

December 18, 2020

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Hard to make a thrilling clickbait title on this, but this is massive news. The Office of the Comptroller of Currency has a proposed rule change to require banks to provide fair access to banking services. That means that banks won't be allowed to deny service based on moral, social, or political reasons; rather, they will only be able to deny services based on quantitative risk assessments, like creditworthiness.

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