
Office of Thrift Supervision Office of the Comptroller of the Currency Occ Form
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People also ask
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What does the OCC investigate?
The OCC ensures that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.
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What is the OCC responsible for?
The OCC ensures that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.
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What is the function of the OCC?
The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks.
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What happened to Office of Thrift Supervision?
The OTS was implicated in a backdating scandal regarding the balance sheet of IndyMac. Section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act dissolved the OTS, transferring its functions to other agencies.
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What are the main duties of the OCC?
The Office of the Comptroller of the Currency (OCC) is an independent bureau of the U.S. Department of the Treasury. The OCC charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.
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Why is the OCC important?
The primary mission of the OCC is to ensure the safety and soundness of the national banking system. The OCC employs a staff of examiners who conduct onsite reviews of national banks and continually supervise bank operations.
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What does the Office of Thrift Supervision do?
OTS also examines, supervises, and regulates state-chartered savings associations insured by the FDIC and provides for the registration, examination, and regulation of savings and loan holding companies (SLHCs) and other affiliates.
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What is the Office of the Comptroller of the Currency (OCC)?
The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks.
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