It`s back: The political struggle for control of banks` loan taps
(World News USA)

In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy. The Fair Access to Financial Services Rule (FAFSR), just finalized by the Office of the Comptroller of the Currency (OCC), aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns. FAFSR is a response to successful pressure campaigns waged by environmental groups and congressional Democrats,...