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Comptroller wants to ease regulatory burden on banks

Comptroller of the Currency Thomas J. Curry discussed efforts on ways to reduce unnecessary regulatory burden on both national banks and federal savings associations in his speech at the fourth outreach meeting in Kansas City, Missouri. This meeting focused specifically on issues important to rural banks and thrifts.

In his statement, he singled out rural banks, agricultural banks and community banks and the number of challenges they face. Curry stated that the OCC advanced three specific proposals to eliminate regulatory burden, and they are hoping Congress takes action on them in the current legislative session. Curry believes these proposals are significant and important steps to help a vast amount of smaller institutions. He does not want to stop after these three steps. Rather, he wants to look at every possible approach that could potentially help community banks succeed in the modern financial world. To read Curry's full address, click here.

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