What does FSA stand for?

Traditionally, national banks and federal savings associations have not been subject to most state financial services laws under the doctrine of state law preemption.

The Office of Thrift Supervision has granted preliminary clearance to IMB's application to operate IndyMac as a federal savings association under the office's supervision.

Meanwhile, in his legal opinion issued the same day as the circuit court injunction, OTS Chief Counsel John Bowman noted the county law would infringe on the mortgage lending activities of federal savings associations in contravention of federal law.

Because of loophole, Imperial can be sold Imperial Federal Savings Association landed on the selling block, thanks to a loophole found in the 1989 savings and loan bailout bill.

based in Eau Claire, Wisconsin, is the holding company for Citizens Community Federal, a federal savings association operating 21 full-service banking offices in Wisconsin, Minnesota and Michigan.

Reardon that the Office of Thrift Supervision's ("OTS") lending regulations preempt the Ohio mortgage broker licensing law as it applies to the exclusive agents of a federal savings association.

In evaluating rated transactions that include loans originated by federal savings associations and federal savings banks and their operating subsidiaries under the act, Standard & Poor's will apply the criteria set forth here and will not rate transactions that include Indiana high-cost home loans originated by federal thrifts; and will require additional credit enhancement for Indiana home loans originated by federal thrifts.

That legislation would not have altered the executive branch's supervisory authority for national banks or federal savings associations; nor would it have resulted in any reduction in the predominant and growing share of this nation's banking assets controlled by national banks and federal savings associations.