Bill Misses Opportunity To Overhaul Agencies

Hopkins, Cheyenne
May 2010
American Banker;5/24/2010, Vol. 175 Issue 79, p1
Trade Publication
The article discusses the lack of reform to the financial regulatory framework included in the U.S. regulatory reform bill. It is suggested that not streamlining the framework is a missed opportunity to combine the supervisory structure of four banking regulators and the overlapping authority of 50 U.S. states. The final bill is expected to remove the U.S. Office of Thrift Supervision and leave the rest of the existing system in place.


Related Articles

  • Second Try on Preemption Regs. Collins, Brian // National Mortgage News;4/29/2002, Vol. 26 Issue 31, p1 

    Focuses on the proposed amendments by the U.S. Office of Thrift Supervision concerning the Parity Act regulations. Aims in eliminating predatory lending by state-licensed lenders and mortgage brokers; Information on prepayment penalties and late fees; Criticisms by consumer groups on the Parity...

  • OTS-OCC Merger May End Thrift Charter Era. Hopkins, Cheyenne // American Banker;6/15/2010, Vol. 175 Issue 91, p1 

    The author reports that the U.S. financial industry regulatory reform bill will likely end the existence of the thrift charter. She mentions that the merger of the Office of Thrift Supervision into the Office of the Comptroller of the Currency will do away with certain key benefits of the...

  • Most Likely To Succeed: Pieces of Obama Plan. Flitter, Emily; Kaper, Stacy; Sloan, Steven; Adler, Joe // American Banker;6/18/2009, Vol. 174 Issue 116, p1 

    The article reports on U.S. President Barack Obama's plan for financial regulatory reform. Provisions of the reform include the creation of a consumer protection agency, enabling the U.S. government to take over systematically important financial institutions, and cutting out the Office of...

  • OTS: Thrifts with Up to $1 Billion in Assets Getting a Break on CRA. Collins, Brian // National Mortgage News;7/26/2004, Vol. 28 Issue 43, p6 

    Reports on the decision of the U.S. Office of Thrift Supervision to reduce the regulatory burden on thrift institutions by providing relief from the full requirements of the Community Reinvestment Act (CRA). Proposal of the regulators to raise the small bank exemption; Question of the Federal...

  • LAST WEEK IN WORDS.  // American Banker;4/26/2010, Vol. 175 Issue 63, p2 

    The article presents quotes from U.S. Senator Carl Levin criticizing the former director of the U.S. Office of Thrift Supervision (OTS), John Reich, U.S. Senator Olympia Snowe stating she may support regulatory reform legislation and Visa Inc.'s Gerry Sweeney discussing the company's focus on...

  • With OTS Gone, Who Will Get Its FDIC Seat? Adler, Joe // American Banker;6/14/2010, Vol. 175 Issue 90, p1 

    The article reports on a U.S. congressional debate over what federal agency should replace the Office of Thrift Supervision (OTS) on the board of the Federal Deposit Insurance Corp (FDIC) once the OTS is eliminated. A proposal to give the Federal Reserve Board (Fed) a seat on the FDIC board was...

  • Thrift Charter-Flipping Just One More Strain for OTS. Davidson, Kate; Hopkins, Cheyenne; Adler, Joe; Borak, Donna; Fajt, Marissa // American Banker;3/9/2010, Vol. 175 Issue 36, p1 

    The article reports on a banking trend involving thrift institutions switching to national bank charters, due in part to uncertainty about the potential impact of regulatory reform on the U.S. Office of Thrift Supervision. Banks which undergo such charter conversions will fall under the...

  • Financial Services Reform Bill Inevitable. Waddell, Melanie // Investment Advisor;Oct2009, Vol. 29 Issue 10, p13 

    The article discusses the development of reform legislation for the financial services industry in the U.S. It states that the reform legislation is still alive as President Barack Obama renewed his push for the reform. Investment advisors and brokers hope that reform legislation will apply the...

  • Agencies Far from United On Mortgage Reform Bill. Kaper, Stacy // American Banker;10/25/2007, Vol. 172 Issue 206, p1 

    The article reports on the divided opinion among the heads of U.S. banking regulators regarding a bill in the House of Representatives addressing the troubled subprime mortgage market. Comptroller of the Currency John Dugan and Office of Thrift Supervision director John Reich criticized the...


Other Topics