The Federal Reserve has released a long-awaited set of frequently asked questions regarding its approach with regard to OCC-regulated federal savings associations and federal mutual savings banks that choose to exercise the option to become a “covered savings association,” as allowed by Section 206 of the 2018 S. 2155 regulatory reform law.
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The OCC yesterday announced the appointment of new members to its Minority Depository Institutions Advisory Committee and the Mutual Savings Association Advisory Committee.
In a letter to the OCC today, the American Bankers Association offered support for several proposed rule changes, including those sought by the association during the Economic Growth and Paperwork Reduction Act feedback process.
Consumers don’t know what sets mutual banks apart—but once they learn, they get more enthusiastic. Here’s how mutual bankers are selling mutuality.
The Eighth Circuit this week delivered a win to mutual institutions when it dismissed a Missouri case in which two mutual thrift depositors claimed that they were entitled to a distribution of their thrift’s capital at the time the bank merged into another institution.