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FDIC proposes to shed OTS regs

The FDIC has published [84 FR 58492] in today's Federal Register a proposed rule that would rescind and remove certain regulations transferred in 2011 to the FDIC from the former Office of Thrift Supervision pursuant to the Dodd-Frank Act. In addition to the removal of part 390, subpart S, the FDIC proposes to make technical changes to other parts of the FDIC’s regulations (Parts 303, 326, 337, and 353) so that they may be applicable on their terms to State savings associations.

Following the removal of the identified regulations, the regulations governing the operations of State savings associations will be substantially the same as those for all other FDIC-supervised institutions. Comments will be accepted for 32 days (by December 2, 2019).

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