💼OCC Seeks Comments on Leveraged Lending Information Collection
Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Leveraged Lending
Summary
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Leveraged Lending." The OCC also is giving notice that it has sent the collection to OMB for review.
Agencies
- Treasury Department
- Comptroller of the Currency
Business Impact
$$ - Med
The content pertains to the renewal of an information collection by the OCC, focusing on leveraged lending practices, which directly impacts financial institutions. It emphasizes compliance with risk management guidelines and regulatory requirements, affecting how businesses manage lending practices and associated costs.