OCC’s 11th-Hour Rule Limiting Bank’s Climate Risk Reviews Sparks Outcry

January 14, 2021
The Treasury Department’s Office of the Comptroller of the Currency (OCC) has finalized a rule limiting financial institutions’ ability to deny loans based on climate risks less than one week before the Trump administration leaves office and just 10 days after closing a public comment period that generated more than 35,000 responses. The final rule’s Jan. 14 release sparked a swift attack from environmentalists who accused the outgoing Trump administration of handing the fossil fuel industry a “parting gift” and...


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