Our Website Uses Cookies 


We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.


For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

The OCC’s Part 7 Final Rule: Five Things to Know

December 3, 2020, Covington Alert

On November 23, 2020, the Office of the Comptroller of the Currency (“OCC”) issued a final rule amending its regulations under 12 C.F.R. Part 7 relating to the activities and operations of national banks and federal savings associations. The final rule, which becomes effective on April 1, 2021, governs a range of topics, including permissible derivatives activities, payment system memberships, tax equity finance transactions, and corporate governance. The final rule is intended to clarify and codify recent OCC interpretations, integrate certain regulations for national banks and federal savings associations, and update or eliminate outdated regulatory requirements that no longer reflect the modern financial system.

Share this article: