Regulatory Alerts2022-01-06
Status of Covered Savings Associations and Holding Companies Under Federal Reserve Statutes and Regulations
The Board of Governors of the Federal Reserve System issued this letter to alert supervised institutions to recently published FAQs regarding laws applicable to Covered Savings Associations. The guidance clarifies the rights and regulatory treatment of federal savings associations that have elected CSA status under the Home Owners’ Loan Act. Institutions are directed to consult the Board's website for the FAQs and periodic updates to ensure compliance with administered statutes and regulations.
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