Original Source Material
The agency is handling a swell of new-bank applications by pulling talent from the supervision side into one- or two-year rotations in the OCC’s chartering arm, Comptroller Jonathan Gould said.
How the OCC is handling its charter application workload
Summary
The OCC is addressing an increase in new-bank applications by reallocating staff from supervision roles into one- or two-year rotations within the chartering department; this move aims to expedite the application process.
Why It Matters for Texas Credit Unions
This information is relevant as it pertains to a federal agency's response to an increase in applications, which could impact Texas credit unions operating under OCC charters or considering new operations.