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American Council of State Savings Supervisors (ACSSS)
Understanding the American Council of State Savings Supervisors (ACSSS) and Its Impact
Definition & Meaning
The American Council of State Savings Supervisors (ACSSS) is a national organization that represents regulators of state savings institutions. Previously known as the National Association of State Savings & Loan Supervisors, ACSSS serves as a vital resource for training, legislative support, and communication among state financial regulatory agencies. The organization focuses on providing technical training to examiners and regulatory agencies, offering insights into legislative matters affecting state-chartered savings institutions, and keeping members informed about congressional activities relevant to banking and financial regulation.
Table of content
Legal Use & context
The ACSSS plays a significant role in the legal framework surrounding state savings institutions. It provides guidance on regulatory practices and legislative updates that affect these institutions. Legal professionals and regulators utilize ACSSS resources to ensure compliance with state and federal laws governing financial institutions. Users can manage their legal needs related to savings institutions by accessing templates and resources available through platforms like US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A state savings institution may seek training from ACSSS to ensure its compliance with new federal regulations affecting its operations.
Example 2: A regulatory agency may use ACSSS resources to better understand legislative changes that impact the chartering of savings institutions (hypothetical example).
State-by-state differences
Examples of state differences (not exhaustive):
State
Key Differences
California
More stringent training requirements for examiners
Texas
Different legislative updates impacting local savings institutions
Florida
Specific compliance guidelines for state-chartered institutions
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Key Differences
National Association of State Savings & Loan Supervisors
Former name of ACSSS
ACSSS is the current name and has expanded its focus
Federal Deposit Insurance Corporation (FDIC)
A federal agency that insures deposits at banks
ACSSS focuses on state savings institutions, while FDIC oversees federal banks
Common misunderstandings
What to do if this term applies to you
If you are involved with a state savings institution, consider reaching out to ACSSS for training and resources. You can also explore US Legal Forms for templates that may assist you in navigating regulatory requirements. If your situation is complex, consulting with a legal professional is advisable.
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