E.O. 14331
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FDIC, OCC seek formal elimination of reputational risk assessments
The notice of proposed rulemaking that would formally end reputational risk assessments comes months after the agencies removed the practice from guidance manuals and internal checklists.
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OCC bulletin states banks must protect customer financial records and avoid debanking
The OCC said it already requested information from its nine largest regulated institutions to evaluate their debanking history.