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OCC Bulletin 2014-49
October 1, 2014
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Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
As part of the ongoing implementation of Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Office of the Comptroller of the Currency (OCC) is making applicable to federal savings associations (FSA) certain OCC guidance and reaffirming as applicable to FSAs certain interagency guidance. The OCC is also rescinding several Office of Thrift Supervision documents.
With the issuance of this bulletin, the OCC is
This bulletin applies to all federal savings associations. This bulletin does not affect the applicability of any OCC guidance to national banks.
As explained in OCC Bulletin 2011-47, "OTS Integration: Supervisory Policy Integration Process," the OCC is committed to evaluating former OTS guidance, addressing common supervisory issues consistently, and accommodating regulatory and statutory differences appropriately. The OCC's goal is to produce a consistent supervisory approach and integrated policy platform for national banks and FSAs, while recognizing differences anchored in statute.
As the OCC has progressed through the policy integration process, we have found instances where the OCC issued guidance on a particular topic and the former OTS did not issue like guidance. The OCC guidance is useful in the risk management, operations, or examination of FSAs as well as national banks. Further, the OCC guidance is referenced in revised booklets of the Comptroller's Handbook that apply to FSAs. Therefore, with the issuance of this bulletin, the OCC is applying to FSAs certain guidance issued before the OTS integration date as listed in appendix A.
Appendix B lists additional interagency guidance issued before the OTS integration date that continues to apply to FSAs.
Appendix C lists additional rescinded OTS documents and any guidance that replaces the rescinded documents. OTS documents are rescinded for one of the following reasons:
Please see the OCC's website and click on OTS Integration for a comprehensive inventory of OCC and OTS guidance applicable to FSAs. The OTS Integration Web page also includes information regarding OTS integration, rulemakings, and document rescissions.
Please contact John Eckert, Director, Operational Risk and Core Policy, at (202) 649-6550.
Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner
See also OCC Bulletin 2014-42, "Credit Practices Rules: Interagency Guidance Regarding Unfair or Deceptive Credit Practices."