Alert June 24, 2008

OCC Issues Summary of Key 2007 Developments for National Banks

The OCC issued a booklet entitled 2007 Significant Legal, Licensing, and Community Development Precedents for National Banks, in which the OCC summarizes key developments in 2007 for national banks with respect to banking and securities activities, enforcement actions, investments (including community development investments), preemption and the OCC’s Lending Limit Pilot Program.