Tag Archives: Nationwide Mortgage Licensing System & Registry

State regulating bank subsidiaries until ordered to stop, says top bank supervisor

August 5, 2011

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Mississippi’s Department of Banking has returned to licensing wholly owned subsidiaries of federally chartered banks and thrifts and enforcing their compliance with state financial consumer protection laws. Banking Commissioner John Allison cites the Dodd-Frank Wall Street Reform and Consumer Protection Act as authority for restoration of enforcement powers the state ceded to the Office of […]

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