Thread Options
#478455 - 01/04/06 11:57 PM CHARTER AGENCIES
Regsandstats05 Offline
New Poster
Joined: Dec 2005
Posts: 11
I am working on updating our electronic compliance manual for our in-house staff. Under charter agencies, it is my understanding that the following pertain to financial institutions.



OTS- Federal Savings Bank and Thrift & Loan Companies



OCC- Federal Banks and NA (National Association)



NCUA- Federal Credit Unions





However, it was brought to my attention that I should include FDIC, because it is the agency that regulates state chartered banks. Although the FTC (Federal Trade Commission) is not considered an agency that charters financial institutions per se, I was told that it is the appropriate agency that regulates non-depository finance lenders, e.g., mortgage companies. Therefore, I should be including both agencies. Also can anyone provide a definition or point me to a source on the FDICís regulatory function? Thanks

Return to Top
Lending Compliance
#478456 - 01/05/06 01:03 AM Re: CHARTER AGENCIES
flaire Offline
100 Club
flaire
Joined: Sep 2005
Posts: 228
sw us
_________________________
Hello, triple a? I got locked out of my mind...

Return to Top
#478457 - 01/05/06 03:35 AM Re: CHARTER AGENCIES
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
The Federal Reserve regulates state chartered banks that are Fed members. The FDIC regulates those that are not Fed members.

The Fed is here .

Each regional fed bank also has a site, such as NY Fed.

The Fed also regulates bank holding companies.

The FTC is here.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#478458 - 01/05/06 01:43 PM Re: CHARTER AGENCIES
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,379
Florida
You refer to charter agencies.

Technically, the banking departments of each state charter and regulate their own state thrifts, banks (commercial, industrial or other) and credit unions, [the ones not federally or nationally chartered] and in conjunction with federal insurers (FDIC, OTS and CUNA) can pull their charters. You would have to link to each of the state websites.
_________________________
Integrity. With it, nothing else matters. Without it, nothing else matters.

Return to Top

Moderator:  Andy_Z