DOB: What's New on the Connecticut Department of Banking Web Site

What's New

{Cup of coffee with newspaper}

This page outlines new additions and significant updates to the Department of Banking Web site.  It does not list routine updates which are generally made on a daily basis to keep information current.


June 2017

The Department of Banking is pleased to offer Senior$afe, a free training to help investment professionals recognize and report possible elder financial exploitation.

May 2017

A new page dedicated to the Department of Banking's Educational Outreach Program was developed to provide details regarding presentation topics and information for any group looking to schedule a free, unbiased speaker for their organization.

The Department of Banking, in partnership with the Connecticut Insurance and Financial Services, hosted a five-day Banking Boot Camp in May 2017.  Four major banks welcomed 23 students inside their walls to interact with senior leaders, explore a variety of rewarding career paths in banking and regulation.

April 2017

On April 24, 2017 the Department of Banking launched a new Online Customer Assistance Form, providing consumers with the ability to quickly and easily file a complaint and upload supporting documents.

March 2017

Banking Boot Camp is a program of Connecticut Insurance and Financial Services (CT IFS) in partnership with the Connecticut Department of Banking, Connecticut Bankers Association and four Host Bank Sponsors.  The Camp is designed to encourage college talent towards the myriad professional opportunities and energizing culture within the banking sector.
September 2016
Connecticut consumers who made payments to National Credit Adjusters, LLC may be eligible for a refund or balance adjustment under a 2016 settlement.  

August 2016

A new Department of Banking Brochure has been published to share information about what our agency does and how we can be of help for Connecticut's consumers and investors.  The DOB is a regulatory agency but also takes pride in being an advocate for the residents of Connecticut.

July 2016

Effective July 1, 2016, any person responsible for the servicing of any student education loan to any student loan borrower is required to have a Student Loan Servicer license.

June 2016

An application for a license to be an International Trade and Investment Corporation has been added in the Financial Institutions Division, pursuant to Sections 65 to 71 of Public Act 16-65.

March 2016

A new Student Loan Repayment Guide is available to assist borrowers in Connecticut, which ranks among the top 10 states for average student loan debt. The online guide is a public education initiative produced by the Departments of Banking and Consumer Protection and the Attorney General's Office to focus on the issue of student loan debt.  The guide is available in seven languages. 

January 2016

Staff from the Department of Banking Foreclosure Hotline participates in monthly Foreclosure Prevention Clinics, sponsored by the Connecticut Fair Housing Center.  These free clinics are offered in Hartford, Bridgeport, Norwalk and Stamford.

April 2015

The Department of Banking has teamed up with the Departments of Consumer Protection, Energy & Environmental Protection and Insurance to offer the public an opportunity to dispose of their personal documents and records safely.  The events took place on April 18, 2015, from 10 a.m. to 1 p.m. at Black Rock State Park, Route 6 in Watertown, and at Mansfield Hollow State Park off Rte. 89 in Mansfield.

February 2015

Governor Malloy appoints Jorge L. Perez as Commissioner of the Department of Banking.

In recognition of Military Saves Week, the Department of Banking website offers important resources for active duty and veterans to protect their financial information, make informed savings and investing decisions and prevent scams and fraud.  The agency also encouraged smart saving during Connecticut Saves Week.

October 2014

A free Homeowners Mortgage Assistance Event was held on Thursday, October 9, 2014, from 10:00 a.m. to 7:00 p.m. at the Conference Center at CoCo Key, 3580 East Main Street, Waterbury, CT.  The event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor, to find solutions to their mortgage problems. 

May 2014

The Department of Banking, in coordination with the Office of the Governor and the Office of the Attorney General, sponsored a 7th Homeowners Mortgage Assistance Event on Friday, May 30, 2014, from 10:00 a.m. to 7:00 p.m. at the Trumbull Marriott in Trumbull, CT.  The free event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor, to find solutions to their mortgage problems.

April 2014

On April 9, 2014, the Banking Commissioner announced a settlement with CashCall, Inc. and Western Sky Financial.  Consumers who have loans with Western Sky Financial or CashCall may be eligible for a refund, and are encouraged to:

February 2014

Governor Malloy issued a proclamation designating February 24 - March 1, 2014 as Connecticut Saves Week.  The Connecticut Department of Banking is using this opportunity to encourage consumers to focus on saving and smart investing.  The agency organized America Saves Week/Military Saves Week at the Capitol, a financial education expo which took place on February 27 at the Legislative Office Building in Hartford.

October 2013

A sixth Homeowners Mortgage Assistance Event took place on Tuesday, October 22, 2013 at the Connecticut Convention Center in Hartford, CT.  This free event was co-sponsored by Governor Dannel P. Malloy, Attorney General George Jepsen and the Department of Banking. The event provided an opportunity for Connecticut homeowners having difficulties with their mortgage or in danger of foreclosure to meet directly with their bank or loan servicer, or to meet with a HUD-approved housing counselor, to find solutions to their mortgage problems.

April 2013

A fifth Homeowners Mortgage Assistance Event took place on Wednesday, April 17, 2013 at the Omni New Haven Hotel in New Haven, CT.  This free event was co-sponsored by Governor Dannel P. Malloy, Attorney General George Jepsen and the Department of Banking. The event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor, to find solutions to their mortgage problems.

March 2013

Five employees in the Department of Banking’s Securities and Business Investments Division were honored by the Connecticut United States Attorney’s Office for their investigative efforts:

    • Principal Examiner Klemes M. Klementon, Banking Department Manager Cesar Garcia and Assistant Director Cynthia Antanaitis were recognized for their efforts in the investor fraud case of U.S. v. Stephen Blankenship.
       
    • Associate Financial Examiner Sylvia Morgan, Associate Financial Examiner Jon Petrucci, Principal Examiner Klemes M. Klementon and Banking Department Manager Cesar Garcia were recognized for their efforts in the case of U.S. v. Robin Brass, who ran a classic Ponzi scheme.

February 2013

In observance of America Saves Week (February 25-March 1) the Department of Banking encourages consumers and investors to "talk the talk" about saving and investing: 

November 2012

Governor Dannel P. Malloy, Attorney General George Jepsen and the Department of Banking co-hosted their fourth Homeowners Mortgage Assistance Event on Wednesday, November 28, 2012, from 10:00 a.m. to 7:00 p.m. at the Conference Center at CoCo Key, in Waterbury, CT.  This free event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.

October 2012

The Banking Commissioner and Attorney General George Jepsen issued
Public Service Announcements to help distressed homeowners:
Note: Video versions may be found on the Attorney General's website.

September 2012

On September 11, 2012, the Commissioner issued a Declaratory Ruling (pdf file, 5 MB)
in response to the Petition (pdf file, 764 KB) of Persels & Associates, LLC for Declaratory Ruling Regarding Application of Attorney Exemption under Debt Negotiation Statutes.

July 2012

Governor Dannel P. Malloy, Attorney General George Jepsen and the Department of Banking co-hosted a Homeowners Mortgage Assistance Event on Tuesday, July 10, 2012, from 10:00 a.m. to 7:00 p.m. at the University of Connecticut in Storrs, CT.  This free event provided an opportunity for Connecticut borrowers to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.

Podcast:  Listen to event organizers discuss the event.

March 2012

The Department of Banking, in conjunction with Governor Dannel P. Malloy and Attorney General George Jepsen, hosted its second Homeowners Mortgage Assistance Event on March 29, 2012, from 10:00 a.m. to 7:00 p.m. at the Webster Bank Arena in Bridgeport, CT.  This free event provided an opportunity for Connecticut homeowners to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.

January 2012

Online websites such as Facebook, Twitter, YouTube and LinkedIn have become more popular than ever, and allow people to connect to one another more quickly and easily than ever before.  Be informed when it comes to online investing through social networks, and learn how to protect yourself from fraud with the Informed Investor Advisory: Social Networking (pdf file, 151 KB).

November 2011

The Department of Banking, in conjunction with Governor Dannel P. Malloy and Attorney General George Jepsen, hosted a Homeowners Mortgage Assistance Event on November 15, 2011, from 10:00 a.m. to 7:00 p.m. at the Connecticut Convention Center.  This free event provided an opportunity for Connecticut homeowners to work one-on-one with their bank or loan servicer, or to meet with a HUD-approved housing counselor.

October 2011

Effective October 1, 2011, there are new licensing requirements for Loan Processors/Underwriters.  The agency also offers exempt registration for the mortgage industry.  

June 2011

The Department of Banking issued the results of 2010 surveys of state-chartered banking institutions and state-chartered credit unions to ascertain what types of electronic products and services are offered to customers.  

April 2011

As part of the standardization of all state agencies, the Department of Banking's website has upgraded to a new design template.
 
The Department of Banking has developed a new Online Customer Assistance Form as a convenient and secure way for the public to submit inquiries or complaints to the agency.

February 2011

The Department of Banking partnered with the Consumer Federation of America's America Saves Week to promote personal savings and wise investing.

In recognition of his many years of service to the agency, the Commissioner has authorized the release of a special Securities Bulletin issue dedicated to Securities Division Director Ralph Lambiase, who is retiring.

December 2010

Governor-Elect Dan Malloy announced that he has chosen to reappoint Howard Pitkin to be the commissioner of the Connecticut Department of Banking. Commissioner Pitkin has lead the department for more than five years, and began his career at the Department of Banking more than 30 years ago.

September 2010

On September 26, 2010, the National White Collar Crime Center (NW3C) Board of Directors presented the Department of Banking’s Securities and Business Investments Division with NW3C’s Member Agency Award for Excellence for contributions involving the prevention, investigation and prosecution of economic and high-tech crime. 

July 2010

The Department of Banking and the North Central Area Agency on Aging co-hosted an Elder Financial Fraud Seminar on July 20, 2010.  Elder service providers, social workers, law enforcement and caregivers were among those who attended and learned about choosing a financial planner and how to avoid investment fraud.

May 2010

The Department of Banking’s Securities Division and AARP joined forces to launch the Free Lunch Monitor program, which gives individuals an opportunity to report possibilities of investment fraud in their communities to state securities authorities for investigation. 

February 2010

With the launch of NMLS Consumer Access, Connecticut consumers may now easily access information concerning state-licensed mortgage companies, branches, and individuals.

October 2009

As of October 1, 2009, Debt Settlement Companies, Short Sale Consultants and Providers of Loan Modification, Foreclosure Rescue or providers of similar types of services are required to obtain a Debt Negotiation license from the Department of Banking. 

July 2009

The Department recently posted two new guides designed especially for military personnel and their families.  These on-line guides provide practical information on investing, saving for retirement and avoiding investment frauds and scams.
 

February 2009

Funded by a grant from Investor Protection Trust, the Department of Banking joined forces with AARP to develop a series of radio spots, titled "The Informed Investor".  The goal of this campaign to help the public make informed investment decisions and to raise awareness of the resources that are available through AARP and the Connecticut Securities Division.

Airing on radio stations throughout the state, each spot includes an introduction by Governor M. Jodi Rell. 

December 2008

Commissioner Pitkin determined the 2009 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.

October 2008

The Departments of Banking and Insurance are participating in five statewide "Financial Workshops", sponsored by Governor Rell's office to address concerns about investments.

September 2008

As part of the Campaign for Wise and Safe Investing, the Department of Banking and AARP hosted a fraud protection seminar for seniors on Wednesday, September 24, 2008 at the Four Points by Sheraton in Meriden, CT. 

July 2008

On July 1, 2008, the Department of Banking began participation in the Nationwide Mortgage Licensing System (NMLS).  NMLS was designed to streamline the licensing process, improve supervision and increase transparency in the mortgage industry.

June 2008

As part of its investor education and outreach program, this summer the Department of Banking is conducting presentations at senior centers throughout the state to help consumers learn how to avoid investment scams.  The program is coordinated in cooperation with AARP-Connecticut as part of the "Campaign for Wise and Safe Investing."

April 2008

The Department of Banking participated in a series of housing fairs designed to assist homeowners who are experiencing difficulties in paying their mortgages. These informational forums, sponsored by the Connecticut Housing Finance Authority, took place in Norwich, Waterbury, Hartford, Bridgeport and New Haven.

March 2008

The Department of Banking and AARP Connecticut participate in National Consumer Protection Week and announce plans to host joint educational events in 2008.  A joint release was issued - Consumer Protection and Financial Security Go Hand in Hand.

February 2008

The Department of Banking receives national reaccreditation from the Conference of State Bank Supervisors.

December 2007

Governor Rell and Banking Commissioner Pitkin remind holiday shoppers to be cautious and protect their financial information while shopping on-line.

Commissioner Pitkin determined the 2008 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.

November 2007

The final report of the Governor's Sub-Prime Mortgage Task Force was issued on November 9, 2007.

Ocober 2007

Securities Director Ralph Lambiase was selected by the state’s Management Advisory Council to receive the Distinguished Managerial Service Award for 2007 in recognition of his leadership in state service.

August 2007

Governor M. Jodi Rell and Banking Commissioner Howard Pitkin announced the establishment of a Mortgage Foreclosure Assistance Hotline - (877) 472-8313 - for Connecticut’s residents who are facing foreclosure on their homes.

July 2007

A new consumer education page provides homeowners who are having trouble paying their mortgage with advice on avoiding foreclosure.

The Governor’s Task Force on Sub-Prime Mortgage Lending held an open meeting to give the public an opportunity to address the task force.  The public forum took place on July 10, 2007 at the Legislative Office Building in Hartford.

May 2007

To help protect seniors from investment fraud, AARP Connecticut, the Connecticut Department of Banking Securities Division and the U.S. Securities and Exchange Commission sponsored a free Safe Investing Seminar on May 14, 2007.

April 2007

Governor Rell convened a task force of banking and mortgage experts to examine and make recommendations regarding the issue of sub-prime lending in Connecticut. Banking Commissioner Howard Pitkin and Gary King, President of CHFA will co-chair the task force.

January 2007

Governor Rell Formally Nominates Howard Pitkin as Commissioner of the Department of Banking

Governor Rell Formally Nominates Alan Cicchetti as Deputy Commissioner of the Department of Banking

December 2006

Commissioner Pitkin determined the 2007 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.

November 2006

The Department of Banking partnered with Go Direct, a national campaign to encourage people who receive Social Security and other government benefits as paper checks to switch to direct deposit.

October 2006

A new Web site and telephone line provide information about the January 2006 multi-state settlement with Ameriquest Mortgage Company.  The site provides details on who may be eligible to receive restitution payments, as well as answers to frequently asked questions.

September 2006

After serving for nearly twelve years, Commissioner John P. Burke retired from the Department of Banking.  Governor M. Jodi Rell expressed her appreciation to Commissioner Burke for his exceptional service to the state and his commitment to Connecticut consumers.

May 2006

New laws concerning banks, credit unions, consumer credit and securities were enacted by the General Assembly in the 2006 legislative session.  
 
The Commissioner has published for public comment a Notice of Intent to Amend Regulations concerning collection practices of creditors.

April 2006

Banking Commissioner, Attorney General, DCP Announce $750,000 Settlement in Waterbury Home Purchase Scam

March 2006

As part of an ongoing effort to stay ahead of counterfeiting the U.S. Department of the Treasury's Bureau of Engraving and Printing issued a redesigned $10 note.  This is the third in a series of designs which began with the introduction of the $20 note in October, 2003, and continued with the $50 note issued in September, 2004.

Governor M. Jodi Rell, Connecticut Department of Banking, and Connecticut Housing Finance Authority announce return of the Urban Rehabilitation Homeownership ("UR Home") Program to increase homeownership in Connecticut's urban areas.

February 2006

In light of recent lottery scams involving counterfeit cashier's checks, the Department of Banking issued new alerts for banks.

January 2006

Department of Banking to Receive $5.5 Million in Settlement With UBS Financial Services, Inc.

Commissioner Burke determined the 2006 interest rate to be paid for rental security deposits; mortgage escrow accounts; public service company, certified telecommunications provider and electric supplier customer security deposits; and claims for property, funds, or money delivered to the State Treasurer.

October 2005

Commissioner Burke issues Statement of Policy affecting investors and/or financial professionals displaced as a result of Hurricane Katrina or Rita. 

Banking, Securities and Related Laws  -  New compilations of banking, securities and related laws, updated to October 2005, are available for free download on the department's Web site.

September 2005

The United States unveils new $10 notes designed to discourage counterfeiting, slated for release into circulation in early 2006.

Governor M. Jodi Rell, concerned about the growing vulnerability of Connecticut residents to identity thieves and financial predators, issued an executive order establishing an Identity Theft Advisory Board.  The Banking Commissioner will serve on the board, expected to issue a report in January, 2006 on recommendations for improving the State's laws and policies.

The Department of Banking launches its new portal Web site with re-organized pages and new content for improved customer service.

August 2005

Governor M. Jodi Rell and Commissioner John P. Burke announced that as of September 1st Connecticut consumers may obtain a free copy of their credit report once a year.

Commissioner Burke Issues Lottery Scam Alert Connecticut Consumers

July 2005

Connecticut conducts a "disclosure review" of applications for securities registration. (By contrast, other states may conduct a so-called "merit review" of offerings within their borders).  As a non-comprehensive guide, the Securities Division has prepared a series of registration disclosure tips for Connecticut issuers.

The department submitted its annual Administrative Report to Governor M Jodi Rell for the 2004-2005 state fiscal year outlining agency improvements and achievements.

May 2005

Department of Banking statement regarding the closure of Need Action Federal Credit Union, Inc.

March 2005

Banking Commissioner Announces "Top 10" Threats to Investors

February 2005

Compliance Programs for State-Registered Investment Advisers in the wake of new federal requirements

Investment Advisory Codes of Ethics

Custody Requirements Updated for State-Registered Investment Advisers

January 2005

New provisions of Connecticut law take effect to deter identity theft.  Businesses and people may not print more than the last five digits of a credit or debit account number on a consumer's receipt and individuals, firms and corporations are prohibited, with certain exceptions, from publicly disclosing Social Security numbers.

2005 interest rate
In accordance with state law, the Banking Commissioner determined the interest rate to be paid on claims for property, funds, or money delivered to the State Treasurer, mortgage escrow accounts, public service company and electric supplier customer security deposits and tenant security deposits for the calendar year of 2005.

December 2004

A new consumer education page offers practical advice for avoiding scams involving fraudulent cashier's checks, money orders and other official-looking bank checks.

Banking Commissioner Warns About Fraudulent Holiday Season E-Mails

October 2004

Guard against "phishing" scams with a new consumer education Web page.

As part of a continual process to redesign currency to protect against advances in technology that may be used for counterfeiting, the United States issued a new $50 bill.

September 2004

The Department of Banking adopted new regulations concerning administrative procedures that are available on the agency's Web site.

July 2004

If you have a poor credit history, be wary of companies that promise to "clean up" your credit report for a fee.  Learn what your options and obligations are with a new educational page on credit repair scams and debt management

April 2004

Responsibility for the licensing of check cashing services and money transmitters and issuers of money orders and travelers checks was assumed by the Consumer Credit Division.

New license renewal applications to issue Connecticut payment instruments and/or to transmit money are now available on-line.

An amended Accredited Investor Order was signed by the Commissioner and posted on the Web site.

March 2004

Broker-Dealer Examination Program:
What can you expect during a Securities Division examination?  What happens if a problem is discovered?  A new summary offers broker-dealers insight into the Division's examination process and spotlights some of the issues the Division reviews during inspections.

February 2004

Department Reorganization:

The department's Bank Examination and Credit Union Divisions were merged into a new Financial Institutions Division. The Government Relations and Communications Division was renamed Government Relations and Consumer Affairs and was expanded to include consumer assistance and outreach previously done in the agency's operating divisions.

A new cyber threat alerts page provides current warnings for both financial institutions and consumers about E-mail and Internet fraud and other dangers.  

Learn how to avoid advance fee loan scams in a new educational page for consumers.

What rights do consumers have when they are contacted by debt collectors?

January 2004

New application packages for consumer credit licensees, including first and secondary mortgage lenders, correspondent lenders, brokers and originators, consumer collections agencies, debt adjusters, sales finance companies and small loan lenders, are now available.

November 2003

As part of a continual process to redesign currency to protect against advances in technology that may be used for counterfeiting, the United States issued a new $20 note.

November 2002

{Screen Fillable PDF Files} Most department licensing and registration forms are now screen-fillable.  See our forms index page for more information on completing applications with your computer.

October 2002

Registered broker-dealers and investment advisers are exempted from the requirement that they maintain an on-site manager at each Connecticut branch office.

June 2002

Financial Privacy Laws

On April 19, 2001, the Commissioner petitioned the Federal Trade Commission ("FTC") for a determination as to whether Connecticut's financial privacy laws are preempted by the Gramm-Leach-Bliley Act ("GLBA").  On June 7, 2002, the FTC issued a response in which it concluded that it did not see an "inconsistency" between Connecticut laws and federal laws. Accordingly, Connecticut law is not preempted by GLBA, and financial institutions subject to Connecticut's financial privacy laws must comply with their opt-in provisions.

May 2002

An Application to Establish an Interstate Bank Branch.  The Conference of State Bank Supervisors developed a uniform application which has been adopted by the Department of Banking.  The form is available for download as a Word 97 document. Contact Mary Ellen O'Neill, at mary.oneill@ct.gov or by phone at (860) 240-8185, for information concerning the application process.

April 2002

Filing Instructions for Federally Covered Advisers - Instructions for Connecticut notice filings by federally covered investment advisers.

Securities Bulletin by E-Mail - Subscribe to a free new service to receive the Department's quarterly Securities Bulletin and other securities compliance updates by E-mail.

February 2002

See if an Investment Adviser is Registered - Includes investment advisers that are regulated by the Securities and Exchange Commission and have filed a notice with the department

Order exempting employers of agents seeking multiple registration from joint and several liability undertaking

January 2002

{Connecticut State Web Site Accessibility Logo}

The Department of Banking Web site achieved compliance with the Accessibility Policy for Connecticut State Government Web Sites, Version 4.0

The department is committed to ensuring continued compliance with accessibility guidelines. If you have any issues or problems with our Web site due to accessibility concerns, please email the Webmaster.

December 2001

Old Stock Certificates

Is your old stock certificate worth any money?  While we can't do research for you, we can offer valuable tips to help you determine whether a stock certificate still has value.

November 2001

Simplified Registration by Coordination for Edgar Filers - Instructions and form for registering securities for which a registration statement has been filed with the Securities and Exchange Commission under the Securities Act of 1933.

October 2001

Advantages of a Connecticut Credit Union Charter

September 2001

Investment Adviser Public Disclosure (external link) - A new Web site intended to allow investors to electronically access information about money managers, financial planners and other investment advisers.

Order excluding banks from broker-dealer definition until SEC ruling becomes effective

August 2001

Credit Union Charter Conversions and Name Changes

July 2001

Advisory Opinions

Indexes to advisory opinions and decisions issued by the Banking Commissioner concerning banking, credit union, consumer credit, landlord-tenant and business opportunity issues, dating back to 1976 and 1981, respectively

Order Simplifying Registration by Coordination Filings

June 2001

Organization of a Connecticut Credit Union - Information on the chartering process for a new credit union

Web Site Privacy Policy - The Department of Banking has posted a new privacy policy for Web site visitors.

May 2001

News Bulletin by E-Mail - Subscribe to a free new service to receive the Department's weekly News Bulletin by E-mail.

Promissory Note Scams - Tips on how to avoid becoming a victim in a promissory note scam, as part of the Informed Investor series.

Letter to FTC Re: Connecticut Privacy Laws - Banking Commissioner petitions the Federal Trade Commission (FTC) for a determination as to whether Connecticut's financial privacy laws are preempted.

Comment Letter Re: OCC Proposed Rulemaking - Banking Commissioner comments on a proposed rule of the Office of the Comptroller of the Currency (OCC) concerning the state laws applicable to operating subsidiaries of national banks.