| OCC Moves to Copy
FDIC in Cutting Out Public Even
as It Delays FOIAs & Deletes
Apps
by
Matthew Russell Lee, Patreon Book
Substack
SDNY/SOUTH
BRONX, Oct 6 – As US
bank regulators loosen rules -
including the FDIC moving to
eliminate public comment
altogether on branch expansion
applications - now big banks
are moving to get bigger, most
recently PNC and now Fifth
Third.
The
cynicism of the regulators is
boundless. While the FDIC aims
on September 16 to close its
comment period on eliminating
public notice and comment on
branch applications, on
September 9 this announcement:
"Federal bank
regulatory agencies will hold
a hybrid public outreach
meeting on October 30, 2025,
in Kansas City, Missouri, as
part of their review of
regulations. The Economic
Growth and Regulatory
Paperwork Reduction Act
(EGRPRA) requires the
agencies, with input from the
public, to review their
regulations at least once
every 10 years to identify any
outdated or otherwise
unnecessary regulatory
requirements applicable to
certain supervised
institutions." Yeah.
Now on October 6
the Office of the Comptroller
of the Currency is moving to
follow the FDIC in cutting out
the public, even as it delays
on FOIA on PNC, and deletes
applications like Nubank's
while letting the comment
period run (out) -
"The OCC is
proposing to amend its
regulations to simplify
licensing requirements for
corporate activities and
transactions involving
national banks and federal
savings associations" - we'll
have more on this.
See, Sept 10,
2025, American Banker,
BankThink: "The FDIC is taking
the 'community' out of CRA
enforcement," by Matthew R.
Lee, here
Inner City
Press, which has opposed the
FDIC's moves to close itself
to public scrutiny, will be
submitting FOIA requests on
all this. Watch this site.
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room
500 Pearl Street, NY NY 10007 USA
Mail: Box 130222, Chinatown Station,
NY NY 10013
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2025 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
