For those clients for whom the Office of the Comptroller of the Currency (OCC) is the prudential regulator, this advises you of the final rule published in today’s Federal Register (79 FR 15639) that makes technical amendments to OCC regulations. Effective March 21, 2014, OCC is making the following changes: 1. Registration of Residential Mortgage Loan Originators. The OCC is removing 12 CFR part 34, subpart F, from the Code of Federal Regulations, which concern registration of residential mortgage loan originators for national banks, Federal branches and agencies of foreign banks, and their operating subsidiaries (collectively, national banks). Rulemaking authority for these rules transferred to the Consumer Financial Protection Bureau on July 21, 2011 pursuant to the Dodd-Frank Act, and the OCC rules at 12 CFR part 34, subpart F, are therefore no longer operative. The CFPB has since reissued these rules as CFPB rules. National banks now must comply with these rules as reissued by the CFPB and not as previously promulgated and published by the OCC. 2. Privacy of Consumer Financial Information. For the same reasons as stated in paragraph 1. above, the OCC is removing 12 CFR part 40 from the Code of Federal Regulations, which relate to privacy of consumer financial information. 3. New Address for OCC. The OCC is amending 12 CFR parts 4, 5, 7, 10, 11, 16, and 19 to replace the OCC’s former address with its current address, 400 7th Street SW., Washington, DC 20219. 4. New Web site address for OCC. The OCC is amending 12 CFR parts 5 and 24 to change its Web site address to www.occ.gov. 5. New FOIA Web portal address for OCC. The OCC is amending 12 CFR 4.15(b)(1), 4.18(a)(1), and 4.18(b) to change its FOIA Web portal address to https://foia-pal.occ.gov/palMain.aspx. In addition, the OCC is amending 12 CFR 4.15(g) to clarify the name of the OCC office that receives FOIA requests as “Disclosure Services, Communications Division.”
