OCC proposes changes to how it shares information and handles FOIA requests
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The Office of the Comptroller of the Currency (OCC) is proposing a new rule to change how it manages non-public information. Currently, getting permission to share certain internal OCC details involves a specific approval process. This proposal would clarify that process and allow for some confidential supervisory information to be shared without prior OCC approval, as long as specific safety measures are followed.
Why it matters: This is mostly an administrative update intended to streamline paperwork and clarify when information can be shared without waiting for formal agency permission.
Who it affects
- Banks and financial institutions subject to OCC supervision
This is a proposed rule from the Treasury Department’s Office of the Comptroller of the Currency; readers should check the Federal Register before relying on these changes as they are not yet final.
Agency: Treasury Department, Comptroller of the Currency
Source: Federal Register — read the official document