OCC BULLETIN 2015-41
Subject: Credit Card Lending
Date: November 4, 2015
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Revised Comptroller’s Handbook Booklet and Rescissions
The Office of the Comptroller of the Currency (OCC) issued today the “Credit Card Lending” booklet of the Comptroller’s Handbook. This revised booklet replaces the “Credit Card Lending” booklet issued in October 1996. The revised booklet also replaces section 218, “Credit Card Lending,” issued in May 2006 as part of the former Office of Thrift Supervision Examination Handbook for the examination of federal savings associations (FSA).
The revised booklet incorporates national bank and FSA statutes and regulations, guidance, and examination procedures. The booklet also provides updated guidance to examiners on assessing and managing the risks associated with credit card lending activities.
This Comptroller's Handbook booklet is intended as a summary restatement of existing laws, regulations, and policies. Examiners and members of the public may use this booklet as reference for obtaining an overview of this subject. Nothing in this booklet should be interpreted as changing existing OCC policy.
The revised booklet
For further information, contact David R. Henry, Credit Risk Division, at (202) 649-5866.
Jennifer C. Kelly