Original Source Material
Community lenders warned that boosting an asset threshold to $700 billion from $50 billion would go “far beyond what is appropriate or safe.” But large banks want the heightened standards scrapped.
OCC’s proposed threshold change divides bank trade groups
Summary
- Community lenders oppose raising the asset threshold from $50 billion to $700 billion, citing safety concerns.
- Large banks are pushing for the higher standards to be eliminated.
Why It Matters for Texas Credit Unions
This proposal could affect compliance requirements and asset management strategies for Texas credit unions, which may need to reassess their operations if the threshold changes.