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Bookmark or Share- Credit Reporting | OCCYour credit report affects your ability to get a loan as well as the interest rate you will be required to pay. Congress has passed credit reporting legislation to give you access to your credit information and to protect you from unfair, fraudulent, or deceptive credit practices.
- Commercial Credit | OCCCompanies use commercial credit to fund daily operations and new business opportunities, purchase equipment, or cover unexpected expenses. OCC's commercial credit division provides information and policy guidance on emerging commercial risks and supervisory issues confronting the national banking industry to promote national bank safety and ...
- Fair Lending | OCCThe ECOA prohibits discrimination in credit transactions based on. race or color. national origin. religion. sex. marital status. age.* applicant's receipt of income from a public assistance program. applicant's exercise, in good faith, of any right under the Consumer Credit Protection Act.
- Credit Card Lending - OCC.govconsumer-related credit cards with other consumer loans in determining compliance with the limitations on consumer loans and certain other assets in section 5(c)(2)(D) of HOLA (12 USC 1464(c)(2)(D)). Similarly, FSAs do not have to aggregate business-related credit card accounts with loans made under HOLA’s commercial loan authority.
- Underwriting | OCC - OCC.govFor national banks, underwriting refers to the terms and conditions under which they extend or renew credit, such as financial and collateral requirements, repayment programs, maturities, pricing, and covenants. Banks may tighten standards in response to economic conditions while still continuing to extend credit in commercial and retail loan products.
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