Document Changes Resulting from the OTS Transfer of Authority

(Mortgage) Permanent link

Effective July 21, 2011, Title III of the Dodd-Frank Act abolished the Office of Thrift Supervision. Title III, also known as the “Enhancing Financial Institution Safety and Soundness Act of 2010,” is intended to streamline banking regulation and reduce competition and overlaps between different regulators.

As of July 21st,  regulatory supervisory responsibility for federally chartered thrifts and savings associations transferred to the OCC.  Those with state charters are now supervised by the FDIC.  In light of the transfer of powers, documents that include federal enforcement agency address information must be updated.  As of July 21, 2011, the following addresses will apply to thrifts and savings associations:

  • Federally-chartered thrifts and savings associations
    • Customer Assistance GroupOffice of the Comptroller of Currency
      1301 McKinney Street, Suite 3450
      Houston, TX 77010
     
  • State-chartered thrifts and savings associations
    • FDIC Consumer Response Center
      1100 Walnut Street, Box #11
      Kansas City, Missouri 6410
     

The new address information will impact adverse action notices and certain Fair Lending /Equal Housing and Community Reinvestment Act posters. 

Wolters Kluwer Financial Services has updated its thrift/savings association adverse action and poster product line to reflect the new address information.  To place your order for revised notices/posters, please contact Customer Support at 1-800-552-9410 x123651 or your sales representative today.

 

Posted by Angela Coenen at 08/03/2011 12:08:39 PM | 


Leave a comment
Name *
Email *
Homepage
Comment


Back to Blog Listing
RSS Feed

Read Our Whitepaper 

Read or Print Our Brochure 

Read a Case Study 

Attend or View a Webinar 

Request More Information 

Find Us on Facebook 

Follow Us on Twitter 

Find Us on LinkedIn