Treasury Proposes Axing OTS, NCUA, CFTC, OCC and Securities and Exchange Commission. The plan calls for the elimination of the Office of Thrift Supervision and the CFTC. Reactions from industry pundits and professionals vary from positive to downright negative. The proposed changes are so sweeping, they are unlikely to be enacted before the current Administration leaves office in 2009. Wall Street will benefit at the expense of Main Street, says Camden Fine, President and CEO of the Independent Community Bankers of America.”]
Source: https://www.bankinfosecurity.com/treasury-proposes-axing-ots-ncua-a-795