The chairwoman of the House Financial Services Committee and nearly two dozen House Democrats urged a federal bank regulator Wednesday to scrap a potential rule forcing banks to serve oil, gas and firearm companies. The OCC in November announced it would propose a rule that would ban banks from rejecting customers based solely on the type of business they operate. The proposal followed announcements from several major banks over the past two years that they would refuse to serve firearm manufacturers or finance oil and gas drilling projects. Some supporters of the OCC rule compare banks spurning controversial industries to the decades of discrimination Black and Hispanic Americans faced at the hands of the banking industry.
Resin , any natural or synthetic organic compound consisting of a noncrystalline or viscous liquid substance. Natural resins are typically fusible and flammable organic substances that are transparent or translucent and are yellowish to brown in colour. They are formed in plant secretions and are soluble in various organic liquids but not in water. Synthetic resins comprise a large class of synthetic products that have some of the physical properties of natural resins but are different chemically. Synthetic resins are not clearly differentiated from plastics.
A group of companies involved in the exploration and production of oil and natural gas, is challenging President Biden's executive order that would stop future land leases for those businesses. District Court in Cheyenne, Wyoming on Wednesday. In its filing, the WEA states the suspension of the oil and gas leasing program is "an unsupported and unnecessary action that is inconsistent with the Secretary's statutory obligations. Attorneys further state "Because the suspension is both arbitrary and capricious and contrary to law, the Court should find the suspension invalid and set aside the challenged government action. According to the alliance, the Mineral Leasing Act of requires the Bureau of Land Management to hold lease sales.