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OCC Issues Thrift Flexibility Proposal

Sept. 11, 2018 — The Office of the Comptroller of the Currency requested comment on a proposed rule to implement a provision of S. 2155 offering expanded powers to certain federal savings associations. The ICBA-advocated provision would allow federal savings associations with $20 billion or less in assets to operate with national bank powers.

Inspired by ICBA’s Plan for Prosperity, the policy would allow federal savings associations to generally have the same rights and privileges as national banks and be subject to the same duties.

ICBA’s comprehensive matrix on the implementation of S. 2155 provisions affecting community banks offers a line-by-line overview and status update on all relevant provisions of the regulatory relief law.

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