U.S. Banks Don't Want To Be Forced To Lend Money To Oil & Gas

U.S. banks want to continue choosing whether to lend money to the oil and gas industry according to risk and reputation management practices, asking a regulator not to proceed with a new rule that could force them to deal with such companies. The Office of the Comptroller of the Currency (OCC) has recently proposed a new rule to ensure the so-called fair access to financial services, aiming to finalize a rule soon. The proposal has drawn numerous comments during the 45-day comment period that ended on Monday, including that of the Bank Policy Institute…