OCC Raises Concerns with California's Climate Disclosure Laws

Why it matters

The OCC's formal expression of legal and policy concerns about California's climate disclosure laws signals potential regulatory friction that could affect banks' compliance and disclosure practices, with implications for credit risk management and regulatory oversight in a major U.S. state.

Sources

• OCC

  OCC Raises Concerns with California's Climate Disclosure Laws

  The Office of the Comptroller of the Currency (OCC) today submitted a letter to the California Air Resource Board (CARB) addressing the serious legal and policy concerns raised by two California climate disclosure laws.

• ABA Banking Journal

  OCC raises concerns with California climate disclosure laws