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The OCC postponed publication in the Federal Register of its adopted rule that codifies existing guidance to ensure fair access to financial services.
As previously covered, new OCC Rule 55.1 ("Fair Access to Financial Services") would require, among other things, that each U.S. OCC-regulated bank with at least $100 billion in total assets offer its financial services (including financial products) on "proportionally equal terms" to all persons (including legal entities) in the geographic location it serves.
The OCC stated that a postponement in publication will allow the next confirmed Comptroller of the Currency to review the final rule "as part of an orderly transition."
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