OCC Renews Mutual Savings Associations Advisory Committee

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Explore:  Dodd-Frank MSAAC OCC OTC

On December 12, the OCC announced that it renewed the charter for the Mutual Savings Associations Advisory Committee (MSAAC). The MSAAC originally was chartered by the Office of Thrift Supervision, and responsibility for the MSAAC transferred to the OCC under the Dodd-Frank Act, along with all of the OTS’ responsibilities for supervising federal savings associations. The MSAAC will generally meet two to three times per year to discuss issues of importance to mutual savings associations and provide advice and recommendations to OCC. It is comprised of officers and directors of a variety of mutual savings institutions. The committee’s first meeting is planned for January 16, 2013, in Washington, D.C.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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