Wednesday, July 27, 2011

Office of Thrift Supervision closes as functions shift

The Office of Thrift Supervision’s functions, including the regulation of federal savings associations, have moved to theOffice of the Comptroller of the Currency, the OCC announced Wednesday.
Section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 mandated the OCC take over the functions of the OTS. The OTS will cease to exist on Oct. 19. OTS employees packed  up and moved to the OCC office over the July 15 weekend.

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