OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES PROPOSED RULE: STREAMLINING REGULATIONS CONCERNING PUBLIC WELFARE INVESTMENTS, OPEN MARKET COLLATERALIZED LOAN OBLIGATIONS, AND FEDERAL SAVINGS ASSOCIATION NONDISCRIMINATION REQUIREMENTS

WASHINGTON, April 27 -- Office of the Comptroller of the Currency has issued a proposed rule called: Streamlining Regulations Concerning Public Welfare Investments, Open Market Collateralized Loan Obligations, and Federal Savings Association Nondiscrimination Requirements.

The proposed rule was published in the Federal Register on April 27 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The Office of the Comptroller of the Currency invites public comment on a notice of proposed rulemaking (proposed rule) to rescind or amend certain regulations that are unnecessary, based on anything other than the best reading of the underlying statutory authority, or lacking clear statutory authority, consistent with the criteria set out in t...