The Office of the Comptroller of the Currency (OCC) is seeking public comments on the renewal of an information collection related to leveraged lending, as part of its efforts to reduce paperwork and respondent burden under the Paperwork Reduction Act of 1995. This involves guidance to financial institutions on managing the credit risks associated with leveraged loans. Comments are requested on various aspects, such as the necessity and burden of the information collection, and they must be received by May 9, 2025. The OCC has outlined how comments can be submitted and assures that all comments will be publicly available.
Simple Explanation
The government wants to hear what people think about rules for banks giving big loans, to make sure they manage their money safely. People can share their ideas until May 9, 2025, but what they say might be shared with everyone.