Activities and Operations of National Banks and Federal Savings Associations

Title: Activities and Operations of National Banks and Federal Savings Associations
Subject: Bank, FSA operations
Agency: OCC
Status: Final rule
Summary:

The Office of the Comptroller of the Currency is issuing a final rule to revise and reorganize its regulations relating to the activities and operations of national banks and Federal savings associations and to amend its rules relating Federal savings association corporate governance. This rule clarifies and codifies recent OCC interpretations, integrates certain regulations for national banks and Federal savings associations, and updates or eliminates outdated regulatory requirements that no longer reflect the modern financial system. Additionally, this rule includes related technical changes throughout these and other OCC regulations.

FR Doc: 2020-26225
Date proposed: June 4, 2020
Comments due date: Aug. 3, 2020
Effective date:

April 1, 2021

Rule compliance date:
Agency release:

OCC Requests Comment on Proposal to Update Activities and Operations Rules and its Rules on Digital Activities

Related Reg Report item(s): In twin proposals, OCC looks to update rules, seek comments on digital activities

 

Be the first to comment

Leave a Reply

Your email address will not be published.