16:47
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
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Simple English definitions for legal terms
Office of Thrift Supervision
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A quick definition of Office of Thrift Supervision:
The Office of Thrift Supervision (OTS) is a part of the U.S. Department of the Treasury that makes sure that thrift institutions are doing well financially. They check on these institutions to make sure they are safe and sound. OTS stands for Office of Thrift Supervision.
A more thorough explanation:
The Office of Thrift Supervision (OTS) is a department within the United States Department of the Treasury. Its main responsibility is to regulate and examine thrift institutions to ensure that they are financially stable.
Thrift institutions are financial institutions that specialize in accepting deposits and providing mortgages and other loans. Examples of thrift institutions include savings and loan associations, credit unions, and mutual savings banks.
The OTS ensures that these institutions are following federal regulations and guidelines to protect consumers and maintain the stability of the financial system. They also investigate any complaints or issues that arise with these institutions.
For example, if a savings and loan association is not properly managing its finances or is engaging in fraudulent activities, the OTS would step in to investigate and take action to protect consumers and the financial system.
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