In March, the Office of the Comptroller of the Currency (OCC) issued the “Deposit-Related Credit” booklet of the Comptroller’s Handbook. This booklet replaces and clarifies the “Deposit-Related Consumer Credit” booklet issued on February 11. The “Deposit-Related Credit” booklet references relevant supervisory guidance and includes examination procedures that OCC examiners use to assess a bank’s deposit-related credit products and services. This Comptroller’s Handbook booklet “is intended as a summary restatement of existing laws, regulations, and policies applicable to deposit-related credit products and services….[and n]othing in this booklet should be interpreted as changing existing OCC policy.”

The OCC’s “Deposit-Related Credit” booklet addresses:

  • check credit products and services;
  • overdraft protection services;
  • deposit advance products; and
  • risk management of third-party relationships involving these products and services.

Read more.