On February 11, the Office of the Comptroller of the Currency (OCC) issued the “Deposit-Related Consumer Credit” booklet of the Comptroller’s Handbook. This booklet replaces the “Check Credit” booklet issued in March 1990, and provides updated guidance and examination procedures that OCC examiners will use to assess a bank’s deposit-related consumer credit activities. The OCC’s “Deposit-Related Consumer Credit” booklet incorporates updated guidance on:
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additional products, including overdraft protection services and deposit advance products;
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selection of third-party organizations and due diligence for deposit-related consumer credit products; and
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appropriate capital for deposit-related consumer credit activities.
The booklet is available here.
