OCC Head Noreika First Speech

On May 9, OCC Acting Comptroller Noreika gaveĀ speech on mutuals.

  • Noreika spoke on importance of mutual savings associations and community banks.
  • Role of Mutuals
  • Welcomed a meeting of the OCC Mutual Savings Association Advisory Committee.
  • Mutual savings associations important segment of the community bank population.
  • Small institutions must balance providing loans for small business in communities
  • Also need to comply with OCC and state banking regulatory agency requirements.
  • Reform Agenda
  • Committee crucial to help OCC understand specific challenges, regulatory issues.
  • Looked forward to learning and working both with Committee and regulated firms.
  • Sought to discuss with committee how the OCC could reduce undue burdens faced.
  • Given unique corporate governance, what challenges from regulatory environment.

Regulators OCC
Entity Types Bank; Corp; Thrift
Reference PR, SP 5/9/17
Functions Research; C-Suite; Financial; Operations; Reporting
Countries United States of America
Products Banking; Loan
Regions Am
Rule Type Guidance
Rule Date 5/9/2017
Effective Date 5/9/2017
Rule Id 32238
Linked to N/A
Report Issue 5/15/2017
Report Section US Banking

Last substantive update on 05/12/2017