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OCC Releases Updated List of Permissible Activities for National Banks and Federal Savings Associations
On Friday, October 13, 2017, the OCC released an updated list of permissible activities for national banks and federal savings associations. The publication entitled, "Activities Permissible for National Banks and Federal Savings Associations, Cumulative," updates the list of permissible activities to reflect applicable precedent for national banks, streamlines certain entries for readability, and includes applicable interpretive letters and corporate decisions issued by the OCC affecting federal savings associations. OCC precedent remains applicable until rescinded, superseded, or revised.