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Office of Thrift Supervision: Difference between revisions
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* On 17 June 2009 President [[Barack Obama]] announced that he would ask the [[United States Congress]] to merge OTS into the Office of the Comptroller of the Currency, which regulates federally chartered banks.<ref>{{cite news |title=Obama Sought a Wide Range of Views on Finance Rules |last=Labaton |first=Stephen |newspaper=The New York Times |date=17 June 2009 |url=https://www.nytimes.com/2009/06/17/business/17regulate.html}}</ref> | * On 17 June 2009 President [[Barack Obama]] announced that he would ask the [[United States Congress]] to merge OTS into the Office of the Comptroller of the Currency, which regulates federally chartered banks.<ref>{{cite news |title=Obama Sought a Wide Range of Views on Finance Rules |last=Labaton |first=Stephen |newspaper=The New York Times |date=17 June 2009 |url=https://www.nytimes.com/2009/06/17/business/17regulate.html}}</ref> | ||
* In 2009, both the House and Senate proposals included merging OTS with the Office of the Comptroller of the Currency.<ref>{{cite news |title=20 ways US House, Senate financial reforms differ |url=https://www.reuters.com/article/idUSN2919483620100106 |work=Reuters |publisher=[[Thomson Reuters]] |date=6 January 2010 |access-date=7 January 2010}}</ref> | * In 2009, both the House and Senate proposals included merging OTS with the Office of the Comptroller of the Currency.<ref>{{cite news |title=20 ways US House, Senate financial reforms differ |url=https://www.reuters.com/article/idUSN2919483620100106 |work=Reuters |publisher=[[Thomson Reuters]] |date=6 January 2010 |access-date=7 January 2010}}</ref> | ||
* In 2010, the US Senate passed legislation that would strengthen oversight of large financial institutions, but would continue to allow smaller banks to shop for their own regulator, a loophole sought by the [[Independent Community Bankers of America]] and the [[American Bankers Association]].<ref>{{cite news |title=New financial rules might not prevent next crisis |last2=Jacobs |first2=Stevenson |last1=Wagner |first1=Daniel |agency= | * In 2010, the US Senate passed legislation that would strengthen oversight of large financial institutions, but would continue to allow smaller banks to shop for their own regulator, a loophole sought by the [[Independent Community Bankers of America]] and the [[American Bankers Association]].<ref>{{cite news |title=New financial rules might not prevent next crisis |last2=Jacobs |first2=Stevenson |last1=Wagner |first1=Daniel |agency=Associated Press |date=23 May 2010 |url=http://www.sify.com/finance/new-financial-rules-might-not-prevent-next-crisis-news-international-kfyaElehaadsi.html|archive-url=https://web.archive.org/web/20190621045012/http://www.sify.com/finance/new-financial-rules-might-not-prevent-next-crisis-news-international-kfyaElehaadsi.html|url-status=dead|archive-date=21 June 2019}}</ref> | ||
==Responsibilities== | ==Responsibilities== | ||