Bankowość · 18/09/2018

OCC Invites Comments on Proposed Rule for Covered Savings Associations

The Office of the Comptroller of the Currency (OCC) is seeking public comment on a proposed rule to implement a new section of the Home Owners' Loan Act (HOLA), which would allow certain federal savings associations to operate as covered savings associations, similar to national banks, with a total consolidated asset value of $20 billion or less as of December 31, 2017.