Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices 47603 

3See, e.g., Advisory Letter 2000–7, ‘‘Abusive 

Lending Practices’’; Comptroller’s Handbook, 

‘‘Deposit-Related Credit’’ (underwriting, credit 

administration, management oversight); OCC 

Bulletin 2010–16, ‘‘Guidance for Evaluating Capital 

Planning and Adequacy’’ (capital planning); OCC 

Bulletin 2001–37, ‘‘ALLL Methodologies and 

Documentation’’ (ALLL); OCC Bulletin 2013–29, 

‘‘Third-Party Relationships: Risk Management 

Guidance,’’ as supplemented by OCC Bulletin 

2017–21, ‘‘Third-Party Relationships: Frequently 

Asked Questions to Supplement OCC Bulletin 

2013–29.’’ The ‘‘Deposit-Related Credit’’ booklet, 

which provides guidance to and procedures for 

examiners, will be revised to remove references to 

the Guidance. 

remain in effect and will continue to 

apply to deposit advance products.3

The OCC continues to support and 

encourage banks and savings 

associations to develop and use 

innovative products to meet customers’ 

short-term, small-dollar credit needs 

and will continue to ensure that banks 

that choose to offer this type of product 

do so responsibly. In providing deposit 

advance products and other short-term, 

small-dollar loans, banks should be 

guided by basic principles of prudent 

underwriting and risk management as 

well as fair and inclusive treatment of 

customers. In particular, banks should 

consider the following core principles 

when offering innovative, short-term, 

small-dollar loan products: 

• All bank products should be 

consistent with safe and sound banking, 

treat customers fairly, and comply with 

applicable laws and regulations. 

• Banks should effectively manage 

the risks associated with the products 

they offer, including credit, operational, 

compliance, and reputation. 

• All credit products should be 

underwritten based on reasonable 

policies and practices, including 

guidelines governing the amounts 

borrowed, frequency of borrowing, and 

repayment requirements. 

OCC examiners will continue to 

assess how banks offer short-term, 

small-dollar loan products, including 

whether management oversight is 

appropriate, whether risks posed by 

third-party relationships are 

appropriately managed, and whether the 

product complies with applicable 

federal consumer protection statutes. 

The OCC will take appropriate action to 

address any unsafe or unsound banking 

practice or violations of law associated 

with these products. 

Dated: October 5, 2017. 

Keith A. Noreika, 

Acting Comptroller of the Currency. 

[FR Doc. 2017–22012 Filed 10–11–17; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Sanctions Actions Pursuant to 

Executive Order 13581 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the name 

of a person whose property and interests 

in property have been unblocked 

pursuant to Executive Order 13581 of 

July 24, 2011, ‘‘Blocking Property of 

Transnational Criminal Organizations.’’ 

DATES: OFAC’s actions described in this 

notice were effective on June 6, 2017. 

FOR FURTHER INFORMATION CONTACT: The 

Department of the Treasury’s Office of 

Foreign Assets Control: Assistant 

Director for Licensing, tel.: 202–622– 

2480, Assistant Director for Regulatory 

Affairs, tel.: 202–622–4855, Assistant 

Director for Sanctions Compliance & 

Evaluation, tel.: 202–622–2490; or the 

Department of the Treasury’s Office of 

the Chief Counsel (Foreign Assets 

Control), Office of the General Counsel, 

tel.: 202–622–2410. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The list of Specially Designated 

Nationals and Blocked Persons (SDN 

List) and additional information 

concerning OFAC sanctions programs 

are available from OFAC’s Web site at 

http://www.treasury.gov/ofac. 

Notice of OFAC Actions 

On June 6, 2017, OFAC removed from 

the SDN List the person listed below, 

whose property and interests in 

property were blocked pursuant to 

Executive Order 13581. 

Individual 

1. BOTTCHER, Monica Elizabete 

(a.k.a. BOTTCHER, Monica Elizabeth), 

45 Knock Rushen, Castletown, Isle of 

Man IM9 1TQ, United Kingdom; DOB 

26 Feb 1973 (individual) [TCO] (Linked 

To: PACNET BRAZIL; Linked To: 

PACNET GROUP) 

Dated: June 6, 2017. 

Andrea Gacki, 

Acting Director, Office of Foreign Assets 

Control. 

Editorial Note: This document was 

received at the Office of the Federal Register 

on Friday, October 6, 2017. 

[FR Doc. 2017–22096 Filed 10–11–17; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Sanctions Actions Pursuant to 

Executive Order 13581 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the name 

of a person whose property and interests 

in property have been unblocked 

pursuant to Executive Order 13581 of 

July 24, 2011, ‘‘Blocking Property of 

Transnational Criminal Organizations.’’ 

DATES: OFAC’s actions described in this 

notice were effective on June 21, 2017. 

FOR FURTHER INFORMATION CONTACT: The 

Department of the Treasury’s Office of 

Foreign Assets Control: Assistant 

Director for Licensing, tel.: 202–622– 

2480, Assistant Director for Regulatory 

Affairs, tel.: 202–622–4855, Assistant 

Director for Sanctions Compliance & 

Evaluation, tel.: 202–622–2490; or the 

Department of the Treasury’s Office of 

the Chief Counsel (Foreign Assets 

Control), Office of the General Counsel, 

tel.: 202–622–2410. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The list of Specially Designated 

Nationals and Blocked Persons (SDN 

List) and additional information 

concerning OFAC sanctions programs 

are available from OFAC’s Web site at 

http://www.treasury.gov/ofac. 

Notice of OFAC Actions 

On June 21, 2017, OFAC removed 

from the SDN List the person listed 

below, whose property and interests in 

property were blocked pursuant to 

Executive Order 13581. 

Individual 

1. DRISCOLL, Mary Ann, Vancouver, 

British Columbia, Canada; DOB 01 Jun 

1950 to 30 Jun 1950; nationality Canada 

(individual) [TCO] (Linked To: CHEXX 

INC.; Linked To: INDIAN RIVER (UK) 

LTD.; Linked To: PACNET GROUP). 

Dated: June 21, 2017. 

Andrea Gacki 

Acting Director, Office of Foreign Assets 

Control. 

Editorial Note: This document was 

received at the Office of the Federal Register 

on Friday, October 6, 2017. 

[FR Doc. 2017–22097 Filed 10–11–17; 8:45 am] 

BILLING CODE 4810–AL–P 


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