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ABA: The American Bankers Association
Statement

ABA Statement on OCC Fair Access to Financial Services Rule

“We are disappointed that the OCC has chosen to rush through this ill-advised rulemaking on the Acting Comptroller’s last day in office. In addition to short-circuiting the traditional rulemaking process and failing to take into account thoughtful comments from thousands of stakeholders, we believe it is a mistake for the OCC to mandate which businesses banks must service. Banks are in the best position to manage their risks and maintain their safety and soundness. Given those procedural and substantive concerns, we urge that this rule not take effect.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.5 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $18 trillion in deposits and extend nearly $11 trillion in loans.

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Ian McKendry

(202) 663-5473

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