ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Community Banking

OCC’s Curry Calls for Greater Thrift Flexibility

March 10, 2017
Reading Time: 1 min read

In a speech yesterday, Comptroller of the Currency Thomas Curry encouraged Congress to grant federal savings associations greater flexibility to serve the changing needs of their customers without having to change their charter.

“Over time, markets change and customers’ needs evolve. But, if a federal savings association wants to adjust its strategy to increase commercial lending or some types of consumer credit, it’s stuck — unless it changes charters. That’s expensive and should be unnecessary,” Curry said. “The charter should accommodate change.”

Curry’s remarks followed the introduction of two bipartisan bills earlier this week in the House and Senate that would provide a simple process for thrifts to elect to receive the lending powers — and compliance responsibilities — of national banks without changing their Home Owners Loan Act Charters. As a former commissioner of banking in Massachusetts, Curry championed a similar approach to charter flexibility for state-chartered thrift institutions, and added that “it makes sense for the federal thrift charter too.”

The current proposed legislation is a key part of ABA’s Blueprint for Growth, and the association applauded the introductions of the bills. “ABA has long championed greater flexibility for HOLA-chartered institutions to adapt their business models to changing demographics and changing needs in their communities,” said ABA EVP Bob Davis. “Federal saving associations have a long, proud history of being responsive to their communities’ needs, and this legislation will help them to enhance and continue that record.”

ADVERTISEMENT
Tags: ABA Blueprint for GrowthHOLAMutual institution policy
ShareTweetPin

Author

Monica C. Meinert

Monica C. Meinert

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for executive communications at the American Bankers Association.

Related Posts

BAFT releases report on best practices, guidance for ISO 20022 migration

ABA offers fixes for small-business lending data collection rule

Commercial Lending
July 18, 2025

In a letter, ABA said it is pleased with the CFPB's proposal to revise its small-business lending data rule and offered several recommendations to reduce the compliance burden for banks.

Retail sales decreased 0.8% in January

ABA DataBank: Retail sales rebounded in June

Economy
July 18, 2025

Despite recent softening and apprehension over price increases, consumer spending was robust over the month.

CFPB claims ‘complex’ pricing drives up cost of financial products

CFPB to keep notification procedures for state enforcement of consumer law

Compliance and Risk
July 18, 2025

The CFPB is reversing course on its earlier decision to eliminate the procedures under which state officials must notify the bureau if those officials plan to enforce the Consumer Financial Protection Act.

Consumer Sentiment declined in April

Consumer sentiment rises in July

Economy
July 18, 2025

The University of Michigan Consumer Sentiment Index increased 1.8% in July compared to the month prior, landing at 61.8, according to preliminary results for the month.

ABA points to role of regulators in discouraging bank engagement in digital assets

ABA, associations urge OCC to postpone crypto firm applications for bank charters

Newsbytes
July 18, 2025

ABA joined four banking and credit union associations in raising concerns about a push by digital asset firms to establish national trust banks, saying there are significant policy and legal questions as to whether the applicants' proposed business...

Housing starts rise in June

Housing starts edge up in June

Economy
July 18, 2025

Privately-owned housing units authorized by building permits in June increased to a seasonally adjusted annual rate of 1.397 million, according to the U.S. Department of Commerce.

NEWSBYTES

ABA offers fixes for small-business lending data collection rule

July 18, 2025

ABA DataBank: Retail sales rebounded in June

July 18, 2025

CFPB to keep notification procedures for state enforcement of consumer law

July 18, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

The future of careers in risk and compliance

July 17, 2025

Breaking down the bank-related provisions in the big budget bill

July 10, 2025

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.