WASHINGTON — The Office of the Comptroller of the Currency (OCC) will launch a web-based system for banks to file licensing and public welfare investment applications and notices beginning early next year.
The Central Application Tracking System (CATS) is designed to help authorized national banks, federal savings associations, and federal branches and agencies to draft, submit, and track licensing and public welfare investment applications and notices. The system also allows OCC analysts to receive, process and manage those applications and notices.
The OCC plans to roll out CATS in three phases, with the first phase starting January 17, 2017. The second and third phases are scheduled to begin in spring 2017. CATS will replace e-Corp and CD-1 Invest, the current OCC electronic filing system on BankNet. Before rollout begins, the OCC will present webinars for banks and provide resource materials to help explain how and when to register and how to use the new system.