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.
Reps. Keith Rothfus (R-Pa.) and Jim Himes (D-Conn.) and Sens. Heidi Heitkamp (D-N.D.) and Jerry Moran (R-Kan.) today introduced ABA-advocated bills to help federal savings associations serve their customers more flexibly while retaining their unique thrift charter.
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.
Speaking today at ABA’s Mutual Community Bank Conference, Rep. Keith Rothfus (R-Pa.) provided an update on two key pieces of legislation he introduced that are part of ABA’s Agenda for America’s Hometown 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.
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.
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.
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.).
Thanks to banker grassroots advocacy, bills ABA is advocating as part of its Agenda for America’s Hometown Banks are racking up bipartisan co-sponsors in Congress.
ABA submitted a statement for the record in today’s House Financial Services Committee hearing on protecting consumer financial choices.