OCC Issues Updated Comptroller's Handbook Booklet on Deposit-Related Consumer Credit

The Office of the Comptroller of the Currency ("OCC") issued an updated booklet titled "Deposit-Related Consumer Credit." The booklet is part of the Comptroller's Handbook.

The booklet, which replaces the "Check Credit" booklet issued in March 1990, was revised to incorporate guidance on (i) additional products, including overdraft protection services and deposit advance products; (ii) the selection of third-party organizations and due diligence for deposit-related consumer credit products; and (iii) the appropriate capital for deposit-related consumer credit activities.