Comptroller Outlines Proposals to Reduce Regulatory Burden for Small Banks

first_img Comptroller Outlines Proposals to Reduce Regulatory Burden for Small Banks  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: Freddie Mac’s Mortgage Portfolio Expands for Ninth Straight Month Next: DS News Webcast: Friday 12/4/2015 Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Speaking at the sixth interagency outreach meeting on 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-month 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.”Click here to read Curry’s complete speech. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Comptroller Outlines Proposals to Reduce Regulatory Burden for Small Banks About Author: Brian Honea Community Banks OCC Office of the Comptroller of the Currency Regulatory Burden 2015-12-03 Brian Honea in Daily Dose, Featured, Government, Newscenter_img Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago December 3, 2015 1,132 Views Related Articles Tagged with: Community Banks OCC Office of the Comptroller of the Currency Regulatory Burden The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Subscribelast_img read more

BELVOIR MORAY CELEBRATES 20 YEARS

first_imgHome » News » Agencies & People » BELVOIR MORAY CELEBRATES 20 YEARS previous nextAgencies & PeopleBELVOIR MORAY CELEBRATES 20 YEARSThe Negotiator28th October 20160534 Views Belvoir is celebrating the 20th anniversary of the company’s very first franchise owner, Andy Campbell of Belvoir Moray.“It is a fantastic achievement for Andy Campbell of Belvoir Moray to be celebrating 20 years with the company,” says Dorian Gonsalves. “Andy was Belvoir’s very first franchise owner, launching in July 1996 and it is fabulous that our very first franchise owner is still in business after 20 years and is still as passionate and enthusiastic about the business as he was on the day that he first opened!”“When I started Belvoir Moray, I had just retired from the,” recalls Andy. “I worked from a spare room at home, with only a chair, a desk, computer and a filing cabinet. How times have changed! Today we are one of the biggest agents in Moray.”Belvoir Belvoir Moray first franchise owner franchises October 28, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more