Statement on OCC's Proposed Rule to Preserve Fair Access to Bank Services, Capital, and Credit

November 20, 2020, Washington D.C. – INFiN, a financial services alliance, issued the following statement, attributable to executive director Ed D’Alessio, regarding the Office of the Comptroller of the Currency’s (OCC) proposed rule to preserve fair access to bank services, capital, and credit:

“INFiN applauds this step by the OCC to protect legal businesses from personal scorn and the partisan whims of government bureaucrats. For years, Operation Choke Point unjustly restricted regulated consumer financial services providers’ access to services fundamental to running any business – access to banking services and capital – and, in doing so, threatened the credit options of millions of Americans. If adopted, today’s proposed rulemaking will preserve due process and ensure those in our industry – and countless other lawful businesses – cannot be deprived banking services based on vague, unfounded claims of reputational risk.”

 

Due to COVID-19, we’re disappointed that MoneyTrends 2020 has been cancelled. We look forward to gathering in Washington, D.C. in November 2021.


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