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TCH Requests Extension of Comment Deadline

The Clearing House Association, along with its trade association partners, submitted a letter seeking an extension of the comment period by the FDIC and OCC on their respective proposed rules on stress testing. On March 21 the FDIC and OCC extended the deadlines for comments until April 30. The new deadlines match that set by the Federal Reserve for its stress testing proposal, which was included in its greater Section 165/166 release.