Regulatory Alerts2019-10-31 | 2019-23115Removal of Transferred OTS Regulations Regarding Certain Regulations for the Operations of State Savings Associations
The Federal Deposit Insurance Corporation proposes to rescind and remove specific regulations transferred from the former Office of Thrift Supervision that currently govern State savings associations. The agency intends to eliminate redundant provisions regarding chartering documents, securities disclosures, advertising, and board composition while amending merger rules to apply uniformly to all FDIC-supervised institutions. These changes aim to align the regulatory framework for State savings associations with that of other FDIC-supervised entities, ensuring substantially identical operational requirements.
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