OCC Activities and Operations of National Banks and Federal Savings Associations Summary

Updated 07/30/2020

This tool summarizes the Office of the Comptroller of the Currency’s (“OCC”) notice of proposed rulemaking to revise and reorganize its regulations relating to the activities and operations of national banks and Federal savings associations. The following are the key takeaways of the changes:

  1. The proposed rule clarifies and codifies recent OCC interpretations.
  2. The proposed rule also integrates certain regulations for national banks and Federal savings associations.
  3. The proposed rule updates or eliminates outdated regulatory requirements.
  4. The proposed rule creates the regulatory framework for a national bank and Federal savings association to engage in a tax equity finance transaction.
  5. The proposed rule provides clarity to national banks regarding their authority to become members of payment systems.
  6. The proposed rule adds a section allowing a bank to establish and operate a remote service unit under 12 U.S.C. 24(Seventh).
  7. Additionally, the proposed rule includes technical changes throughout part 7.

Members Can Download This Tool

Login to Download

Forgot password?


Not Yet a Member?

Our members enjoy:

On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time 

Research time saved daily & weekly across forms, checklists, and trainings — for every regulation

Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff

A sounding board for support and reassessment when institutional goals or the regulatory environment changes

Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions

The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations

Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.

Become a Member