Transferred OTS Regulations Regarding Electronic Operations
Federal Information & News Dispatch, Inc. |
SUMMARY: In this notice of proposed rulemaking, the
EFFECTIVE DATE: Comments must be received on or before
ADDRESSES: You may submit comments by any of the following methods:
* FDIC Web site: http://www.fdic.gov/regulations/laws/federal/. Follow instructions for submitting comments on the agency Web site.
* FDIC Email: [email protected]. Include RIN 3064-AE19 on the subject line of the message.
* FDIC Mail:
* Hand Delivery to
Please include your name, affiliation, address, email address, and telephone number(s) in your comment. Where appropriate, comments should include a short Executive Summary consisting of no more than five single-spaced pages. All statements received, including attachments and other supporting materials, are part of the public record and are subject to public disclosure. You should submit only information that you wish to make publicly available.
Please note: All comments received will be posted generally without change to http://www.fdic.gov/regulations/laws/federal/, including any personal information provided. Paper copies of public comments may be requested from the
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
I. Background
The Dodd-Frank Act
Title III of the Dodd-Frank Act /1/ provided for a substantial reorganization of the regulation of State and Federal savings associations and their holding companies. Beginning
FOOTNOTE 1 Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124
Section 316(c) of the Dodd-Frank Act, codified at 12 U.S.C. 5414(c), further directed the
FOOTNOTE 2 76 FR 39247 (
Although section 312(b)(2)(B)(i)(II) of the Dodd-Frank Act, codified at 12 U.S.C. 5412(b)(2)(B)(i)(II), granted the OCC rulemaking authority relating to both State and Federal savings associations, nothing in the Dodd-Frank Act affected the
As noted, on
FOOTNOTE 3 76 FR 47652 (
One of the
Former OTS Part 555, Subpart B (Transferred to FDIC Part 390, Subpart L)
On
FOOTNOTE 4 The OCC has an Electronic Activities rule that "identifies the criteria that the OCC uses to determine whether an electronic activity is authorized as part of, or incidental to, the business of banking under 12 U.S.C. 24 (Seventh) or other statutory authority." 12 CFR 7.5000. However, this rule does not contain a prior notice requirement before establishing a transactional Web site. END FOOTNOTE
In issuing its Electronic Operations rule, the
FOOTNOTE 5 63 FR 65673, 65678 (
FOOTNOTE 6 63 FR 43327, 43328 (
Significantly, the
FOOTNOTE 7 63 FR 43327, 43329 (
--This is a summary of a
Notice of proposed rulemaking.
CFR Part: "12 CFR Part 390"
RIN Number: "RIN 3064-AE19"
Citation: "79 FR 42231"
Federal Register Page Number: "42231"
"Proposed Rules"
Copyright: | (c) 2014 Federal Information & News Dispatch, Inc. |
Wordcount: | 1553 |
Transferred OTS Regulations and FDIC Regulations Regarding Management Official Interlocks
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News