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Can you summarize 12 USC Chapter 1?
BANKS AND BANKING > THE COMPTROLLER OF THE CURRENCY
Short Summary
This legal document establishes the Office of the Comptroller of the Currency within the Department of the Treasury. The Office is responsible for ensuring the safety and soundness of institutions and other persons under its jurisdiction, as well as compliance with laws and regulations. It also aims to provide fair access to financial services and fair treatment of customers. The chief officer of the Office, known as the Comptroller of the Currency, performs their duties under the general direction of the Secretary of the Treasury. The Comptroller of the Currency has authority over functions transferred from the Director of the Office of Thrift Supervision. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Institutions and other persons under the jurisdiction of the Office of the Comptroller of the Currency
What does it govern?
Establishes the Office of the Comptroller of the Currency within the Department of the Treasury
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
U.S. Federal Government