Dodd-Frank: Abolition of OTS will boost OCC

Peter Madigan
02 Jul 2010

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The vote to approve financial regulatory reform legislation in the US House of Representatives on June 30 represents the penultimate nail in the coffin for the soon-to-be abolished Office of Thrift Supervision (OTS).

Congressmen voted 237 votes to 192 in favour of passing the Dodd-Frank Wall Street Reform and Consumer Protection Act on Wednesday evening. All that stands between the bill and President Obama’s desk is a corresponding favourable vote in the Senate, although the death of senator

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