Banks Are Making Riskier Loans: 3 Precautions to Take Against Rogue Lenders

On June 25, 2014, The U.S. Treasury Department, through the Office of the Comptroller of the Currency ("OCC"), issued a press release that banks nationwide are making riskier loans in an effort to compete with other banks. The OCC is charged with regulating and supervising all national U.S. Banks, and this latest comment shows its concern over banks loosening their credit and underwriting standards for all types of loans that include commercial lending. ..»