OCC preemption rulemaking
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OCC preemption rulemaking Opportunities existed to enhance the consultative efforts and better document the rulemaking process. by United States. Government Accountability Office.

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Published by United States Government Accountability Office in Washington, D.C .
Written in English

Subjects:

  • United States. -- Office of the Comptroller of the Currency -- Rules and practice.,
  • Banks and banking -- United States -- State supervision.,
  • Exclusive and concurrent legislative powers.

Book details:

Edition Notes

Other titlesOpportunities existed to enhance the consultative efforts and better document the rulemaking process.
ContributionsUnited States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations., United States. Government Accountability Office.
Classifications
LC ClassificationsHG2461 .U55 2005
The Physical Object
Paginationii, 55 p. :
Number of Pages55
ID Numbers
Open LibraryOL16299002M
LC Control Number2005452860

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  Share This: On Janu , the Office of the Comptroller of the Currency (OCC) issued two sets of rules (the preemption rules) on the extent to which the National Bank Act preempts the application of state and local laws to national banks and their operating subsidiaries. On Janu , the Office of the Comptroller of the Currency (OCC) issued two sets of rules (the preemption rules) on the extent to which the National Bank Act preempts the application of state and local laws to national banks and their operating subsidiaries. The OCC Issues Final Rulemaking Concerning Preemption and Visitorial Powers In Response To Dodd-Frank J The Office of the Comptroller of the Currency (“OCC”) has issued final rules with respect to preemption and visitorial powers as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. On J , the OCC published a notice of proposed rulemaking (proposal or NPR) to determine when a bank 3makes a loan. Under the proposal, a bank made a loan if, as of the date of origination, it (1) was named as the lender in the loan agreement or (2) funded the loan.

  WASHINGTON — The Office of the Comptroller of the Currency today issued a final rule implementing several provisions of the Dodd-Frank Act, including changes to facilitate the transfer of functions from the Office of Thrift Supervision and revisions to the OCC's rules on preemption and visitorial powers. The OCC issued a notice of proposed rulemaking for this final rule on   It claims that the Proposed Rule does not meet the preemption requirements of Dodd-Frank and questions why the OCC has abandoned its Bush-era opposition to “rent-a-bank schemes”. By contrast, all 26 House Financial Services Committee Republicans wrote the OCC and the FDIC in support of the rulemaking.   on the OCC’s “preemption determinations” that the agency does not appear to have complied with in issuing its Madden rule. However, the OCC has argued that the rule is not subject to Section ’s requirements for two reasons. First, the agency claims that its Madden rule is not a “preemption determination” because it concerns.   The law states unambiguously: “State consumer financial laws are preempted, only if” the OCC or a court determines, “in accordance with the legal standard for preemption” in the Supreme Court’s Barnett decision, that “the State consumer financial law prevents or significantly interferes with the exercise by the national bank of its powers.” (This language appears in section.

On OCC Final Preemption Rule. We are disappointed that the Office of the Comptroller of the Currency (OCC), in its final rule implementing the preemption amendments of the Dodd-Frank Wall Street Reform and Consumer Protection Act of , continues to thumb . the language of pre-Dodd Frank OCC preemption rules included broader language under which a state law that would “ obstruct, impair or condition ” the exercise of federal banking powers could be preempted (see 69 Fed. Reg. (Jan. 13, )), and.   In its preemption rule revision of J the OCC concluded that its pre-existing preemption rules were not subject to what the OCC referred to as . OCC preemption rulemaking: Opportunities existed to enhance the consultative efforts and better document the rulemaking Opportunities existed to enhance the consultative efforts and better document the rulemaking process. Cover title. "October " "GAO".