Following through on one of his pledges, Acting Comptroller Brooks’ agency has issued a controversial proposal to prevent large banks and perhaps all federally-chartered ones from deciding whether or not to grant credit on grounds other than clear, quantitative indicators of ability to repay. The rule would also force national banks and FSAs to provide any other financial service they offer to a legal business unless they can prove that “proportionate” pricing and availability is not necessitated by objective factors in their operating plan.
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