Browsing: Mutual Banks

Mutual Banks

A total of 130 OCC-regulated savings associations signed onto an ABA letter today thanking Congressional leaders for supporting legislation that would allow institutions chartered under the Home Owners’ Loan Act to elect to operate more like banks without having to change their charters — a key part of ABA’s Agenda for America’s Hometown Banks.

Mutual Banks

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.

Community Banking

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.