OCC Issues Revised Booklet on Lease Financing
On August 12th, the Office of the Comptroller of the Currency (“OCC”) issued the “Lease Financing” booklet of the Comptroller’s Handbook. The booklet provides an overview of the leasing business, its associated risks, and sound risk management processes. It also provides examiners with expanded examination procedures and other tools that can be utilized in supervisory activities that target this type of financing. OCC Bulletin.
OCC Bulletin on Semiannual Assessment
On August 11th, the OCC issued a bulletin on new final rules that increase the OCC’s semiannual assessment on national banks and federal savings associations with more than $40 billion in assets. The final rule does not change the assessment amounts for banks with $40 billion or less in assets.