Thrifts praised a proposal from the Office of Thrift Supervision to reduce the number of lending and investment regulations by half and shift the agency's focus from regulation to guidance.

All told, OTS is planning to abolish or change to guidelines roughly 20 regulations in the Thrift Activities Handbook. For instance, loans made by a thrift's subsidiary service corporation will no longer be considered part of the percentage cap on commercial lending a thrift can make.

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