OCC Continues OTS Integration, Rescinds OTS Compliance Documents

On November 20, the OCC announced in Bulletin 2013-34 that as part of its ongoing implementation of the Dodd-Frank Act’s mandate that the OCC integrate Office of Thrift Supervision (OTS) policies with existing OCC policies, the OCC is rescinding the OTS compliance documents listed in an appendix provided with the announcement. A second appendix lists OCC policy guidance that the OCC is applying to federal savings associations in cases where policy guidance did not already exist. The announcement does not cover OTS policies and guidance related to the FCRA, the CRA, UDAP, or mortgage regulations, which the OCC plans to address at a later date.

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POSTED IN: Banking, Federal Issues