WASHINGTON — Despite the attempt in the Dodd-Frank Act to preserve thrift institutions, a recent report on the elimination of the Office of Thrift Supervision is bolstering the view that the charter will exist in name only.
The 28-page report on the OTS' transfer of duties to other regulators indicates that those agencies want to incorporate thrifts into their broader bank oversight rather than assigning dedicated thrift regulatory units. In the case of the Office of the Comptroller of the Currency, OTS examiners headed to the OCC may have to be trained to fit into its integrated system.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access