OCC Aims to Relax Regulations Covering Community Banks

Federal regulators are touting their efforts to ease rules governing community lenders. Most community banks, the Office of the Comptroller of the Currency (OCC) argued in its Monday (May 18) announcement , are well-managed and well-capitalized, conduct business safely and avoid risk. With that in mind, the regulator said it is restating its “commitment to risk-based supervision” for community banks.