The OCC yesterday updated its Comptroller’s Handbook guidance on credit card lending. The revised booklet rescinds outdated guidance, updates guidance to include thrifts, provides guidance to examiners on assessing credit card risk management and addresses the CARD Act.
OCC allows Texas banks affected by flooding to close
The OCC said that it expects that only those bank offices directly affected by potentially unsafe conditions will close and should make every effort to reopen as quickly as possible.