Federal-Charter Powers
In conjunction with a wide-open request for views on ways to increase the innovativeness of national banks and federal savings associations (FSAs), the OCC has finalized a significant rewrite of their more traditional powers and activities.  Although much of the lengthy rule is technical and codifies longstanding interpretations, several changes open existing activities to more flexible standards, provide more generous interpretation of exposures and risks, and represent an overarching effort to increase the ability of national banks and FSAs to offer new products and services regardless of the delivery channel – analog or digital.