Mutual Banks

House Panel Advances ABA-Advocated Thrift Flexibility Bill

The House Financial Services Committee yesterday approved by a voice vote a bipartisan bill that would allow thrifts chartered under the Home Owners’ Loan Act to elect to receive the lending powers -- and compliance responsibilities -- of national banks without changing their HOLA charters.

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ABA-Advocated Bills to Get Committee Vote This Week

The House Financial Services Committee is expected to vote this week on several bipartisan bills that are part of ABA’s Agenda for America’s Hometown Banks. H.R. 1309, introduced by Rep. Blaine Luetkemeyer (R-Mo.) with 112 bipartisan co-sponsors, would eliminate the automatic designation of banks as systemically important based solely on asset size, recognizing that regulators should consider many different components of risk.

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A Conversation with the Comptroller

Frank Keating discusses top banking issues—from regulatory relief and cybersecurity to de novos and the future of the mutual charter—with Comptroller of the Currency Thomas Curry.

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Progress on Mutual Legislation

The House Financial Services Committee’s Subcommittee on Financial Institutions held a hearing on a number of ABA supported bills this past June, including H.R. 1660, the HOLA Flexibility Bill introduced by Rep. Keith Rothfus (R-Pa.).

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OCC Holds Mutual Savings Association Advisory Committee Meeting

The OCC hosted the Mutual Savings Associations Advisory Council on April 28, 2015, at OCC headquarters in Washington, D.C. Comptroller Tom Curry greeted the 10-member group—all of whom are ABA members—by again stating his steadfast support for the mutual charter and by praising the recently introduced mutual legislation for thrift charter flexibility championed by Rep. Keith Rothfus (R-Pa.).

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ABA Seeks Letters to Congress on Pending Legislation

ABA is asking bankers to write their senators and representatives to enlist their support for several bipartisan bills introduced in recent weeks as part of ABA’s Agenda for America’s Hometown Banks: ​Data security. This alert urges senators to co-sponsor S. 921, which would strengthen data security standards for all players and recognize the high standards already employed by the banking ...

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