WASHINGTON—The OCC is seeking comment on a proposed deregulatory rule that would strip out or amend several regulations the agency said are unnecessary, unsupported by clear statutory authority or inconsistent with the Trump Administration’s “Department of Government Efficiency” deregulatory initiative.
The proposal would remove certain references to minority- and women-owned entities from OCC public welfare investment rules, rescind credit risk-retention requirements for open-market collateralized loan obligations at 12 CFR 43.9, and eliminate duplicative nondiscrimination requirements for federal savings associations, according to the OCC and Federal Register notice.
The OCC said the changes are tied to Executive Order 14219, which directs agencies to review regulations that may exceed statutory authority or impose unnecessary burden. The Federal Register notice said comments are due 30 days after publication, with the proposal listed under Docket ID OCC-2025-0075.
VitalLaw highlighted the CLO provision, saying the OCC plans to rescind the rule requiring a CLO lead arranger to retain at least 5% of the credit risk, while other summaries noted the proposal is part of a broader OCC push to reduce regulatory burden on national banks and federal savings associations.