Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Tuesday, March 21, 2017

Rep. Rothfus Introduces ABA-Backed Mutual Capital Bill

Speaking to ABA’s Mutual Community Bank Forum, Rep. Keith Rothfus (R-Pa.) announced that he has reintroduced legislation that would help mutual banks increase their capital levels. H.R. 1595, co-sponsored by Rep. Steve Stivers (R-Ohio), would create a new mutual capital certficate that would help mutuals satisfy capital requirements.

ABA has long backed this legislation, which is very similar to legislation championed by Rothfus in the previous Congress. Rothfus has also reintroduced ABA-advocated legislation that would enhance flexibility for thrifts to meet community credit needs without giving up their unique charters.

"What is needed to today is not deregulation, not overregulation, but right regulation,” Rothfus said, noting that these bills are “another good step forward in the ‘right regulation’ process.” He added that he “look[s] forward to continuing to explore ways to ensure [the thrift charter] remains a way forward.”

No comments:

Post a Comment

Please read our comment policy before making a comment.