The Office of Thrift Supervision on Wednesday adopted an interim rule giving savings institutions the power to offer more small- business and credit card loans.

The agency doubled to 20% of assets the amount of commercial credit that thrifts may extend. But the agency said all commercial loans in excess of 10% of assets must be to small businesses. The regulator also dropped limits on credit card loans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.