The American Bankers Association today responded to a proposal from the Federal Reserve that would amend the regulatory framework for determining whether a bank or company exercises a “controlling influence” over another bank or company under the Bank Holding Company Act and the Home Owners’ Loan Act.
As the OCC’s long-awaited HOLA flexibility rule took effect this week, the agency issued several documents to help bankers understand the new rule and provide guidance to institutions wishing to elect to become “covered associations.”
The OCC has issued a long-awaited final rule implementing a new section of the Home Owners’ Loan Act permitting certain federal stock and mutual savings associations to elect the rights and duties of national banks.
The Federal Reserve today issued a proposal to revise its existing rules for determining control of a banking firm by another company under the Bank Holding Company Act and the Home Owners’ Loan Act.
The American Bankers Association today called on the OCC to quickly finalize a proposal to implement a new section of the Home Owners’ Loan Act permitting certain federal thrifts to elect the rights and duties of national banks, as mandated by the regulatory reform law S. 2155.
The OCC today issued a proposed rule that would implement a new section of the Home Owners’ Loan Act permitting certain federal thrifts to elect the rights and duties of national banks.
During a meeting of the OCC’s Mutual Savings Association Advisory Committee today, OCC senior staff revealed their anticipated timeline for implementing a section of S. 2155 — the new regulatory reform law — that would permit certain federal savings associations to elect the rights and duties of national banks.
In a landmark moment for post-crisis banking policy, the House today passed S. 2155, the Senate’s bipartisan regulatory reform bill.
ABA and state bankers associations across the country today sent letters to congressional leaders urging the House to pass S. 2155 — the Senate-passed regulatory reform bill — “as soon as possible.”
In a bipartisan 67-31 vote, the Senate tonight passed S. 2155, the bipartisan regulatory reform bill crafted by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Sens. Jon Tester (D-Mont.), Heidi Heitkamp (D-N.D.), Mark Warner (D-Va.) and Joe Donnelly (D-Ind.).