Regulatory Alerts2020-09-25 | 2020-18813Transferred OTS Regulations Regarding Nondiscrimination Requirements
The Federal Deposit Insurance Corporation proposes to rescind Part 390, Subpart G, which contains nondiscrimination requirements transferred from the Office of Thrift Supervision, as they are duplicative of federal laws and inconsistent with existing rules. The agency simultaneously proposes to amend Part 338 to extend its fair housing and nondiscrimination regulations to State savings associations, thereby aligning their regulatory obligations with those of insured State nonmember banks. This action aims to streamline FDIC regulations by eliminating unnecessary, duplicative, and potentially ultra vires provisions while ensuring uniform anti-discrimination standards across all FDIC-supervised institutions.
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