OCC Releases Final Rule on Licensing Integration

The OCC today published a final rule to integrate the agency’s licensing rules for national banks and federal savings associations. Responding to concerns expressed by ABA, the OCC made changes to ensure joint venture arrangements organized as operating subsidiaries would not be adversely impacted and removed certain new requirements not related to licensing integration.

The final rule, part of the OCC’s continuing process of reviewing national bank and thrift rules to determine whether it is appropriate to integrate them — makes changes to policies and procedures for both bank types related to new charters, conversions, mergers, branching, subsidiaries and other licensing issues. For more information, contact ABA’s Shaun Kern.