The Comptroller of the Currency said in a statement it would not publish its “fair access” rule, which had been finalized earlier this month.
The move, which prevents the rule from taking effect, will allow Democrats taking control of the agency to review it. Banks and consumer advocates alike had been strongly opposed to the rule, arguing it would give the government power to order the banks to lend to certain businesses they would otherwise avoid.
Source: Economy - investing.com
