The OCC today added a new booklet on private student lending to its Comptroller’s Handbook. The booklet provides examples of acceptable practices and policies for banks engaging in private educational lending, including in-school deferment; providing a six-month grace and extended grace periods immediately after graduation or withdrawal from school; and loan modifications for long-term hardships. The booklet also highlights the differences between federal and private student loans and includes guidance for examiners on assessing the risks associated with private student lending.
ABA offers recommendations for implementation of new ag lender tax benefit
ABA offered several recommendations for how the IRS should implement a new tax benefit for lenders serving rural and agricultural communities, which was included in a tax package passed by Congress last year.









