The OCC issued a final rule on May 23 that integrates rules relating to consumer protection in insurance sales, Bank Secrecy Act compliance, management interlocks, appraisals, disclosure and reporting of agreements related to CRA, and FCRA by amending the national bank rule to include federal savings associations (and when appropriate, state savings associations). The amendments will become effective on June 16, 2014.

     Nutter Notes: The final rule does not result in any substantive changes for national banks or federal savings associations. The OCC also announced that it will soon publish a proposed rule that would integrate the rules for national banks and federal savings associations relating to policies and procedures for corporate activities and transactions.