Skip to main content

Proposals to Reduce Regulatory Burden for Smaller Banks Team Thayer Real Estate #News #realestate #housing

Justin ThayerSpeaking at the sixth interagency outreach meetingon The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996, Comptroller of the Currency Thomas J. Curry outlined specific legislative proposals that have been introduced to reduce regulatory burden on smaller banks.
The series of outreach meetings began last December 2 in Los Angeles, and the meetings have been hosted by the Federal Reserve System, the OCC, and the FDIC, to discuss their collective effort to reduce regulatory burden placed on insured deposit institutions by the EGRPRA. The meetings are part of the EGRPRA review to allow interested parties to comment on regulatory burden directly to the government agencies.
In the sixth and latest outreach meeting, which took place on December 2 in Washington, D.C.—the one-year anniversary of the first outreach meeting—Curry discussed two specific legislative proposals. First, the House voted in October to raise the asset threshold for small banks to $1 billion and is currently included in another funding measure that is likely to be signed by the President, Curry said. Raising the asset threshold to that level would qualify an additional 600 additional banks for the 18-monht examination cycle.
“That would not only reduce the burden on those well-managed institutions, it would allow the federal banking agencies to focus our supervisory resources on those banks and thrifts that present capital, managerial, or other issues of significant supervisory concern,” Curry said.
Curry said the second proposal would provide federal savings associations with greater flexibility to expand their business model without changing their governance structure.
“It’s important that federal savings associations, like other businesses, have the flexibility to adapt to changing economic and business environments to meet the needs of their communities, and they shouldn’t have to bear the expense of changing charters in order to do so,” Curry said. “We have recommended authorizing a basic set of powers that both federal savings associations and national banks can exercise, regardless of their charter, so that savings associations can change business strategies without moving to a different charter.”
This second proposal recently passed in the House Financial Services Committee, and Curry said he hopes it soon goes for a full House vote.
While Curry said these legislative proposals are meaningful steps taken toward achieving relief from regulatory burden for community banks, he admitted there are other ways to make smaller institutions financially viable.
“One especially promising approach involves collaboration, which was the subject of a paper we issued recently,” he said. “By pooling resources, smaller institutions can trim costs and serve customers that might otherwise lie beyond their reach.”
Justin Lee Thayer
Justin Lee Thayer  541 543 7287

Popular posts from this blog

The top 5 mistakes people make selling their homes. Team Thayer Official Oregon Real Estate News.

5 home selling mistakes with Team Thayer 1. Trying to sell your home yourself In this DIY era, the urge to try to sell your home yourself to save money can beckon like the smell of oven-fresh cookies at an open house. Resist.  Working with a licensed agent  helps ensure you’re not leaving money on the table as a result of an off-target listing price or a mistake in the many steps that lead to a final sale. Sell your sofa yourself online. List your home with a professional. 2. Picking the wrong Realtor Not all agents are equal. Just because your college buddy dabbles in the industry doesn't mean he’s the best guy to sell your home. You want experience. You want to  work with an agent  who has a depth of knowledge. Invite your buddy to the house-warming party.  Find an agent  who can truly perform. Do you research.  Top Home Sales Mistakes 3. Pricing your home too high Sometimes it’s good to aim high. But when you’re setting a price for your home, it’s better to b

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread . You can als