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OCC seeks comments on proposal for some thrifts to operate as national banks

The Office of the Comptroller of the Currency is seeking comments on a proposed rule that would allow federal savings associations to operate as national banks without changing their charters.

The rule would require the OCC to issue regulations allowing federal savings associations with total consolidated assets of $20 billion or less as of Dec. 31, 2017, to elect to operate as well as have the same rights and privileges as a national bank.

Comments are due 60 days after the proposed rule is published in the Federal Register.