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OCC’s Curry Details Regulatory Relief for Small Banks

Joe Mont | December 2, 2014

The message from Comptroller of the Currency Thomas Curry to small- and medium-sized banks overwhelmed by regulation: he feels your pain. In a speech this week, Curry floated regulatory reforms that could make compliance easier for them, including a new examination cycle for healthy banks and exempting smaller financial institutions from the Volcker Rule.

Curry’s remarks came during the first of a series of public meetings being held throughout the country as part of the reviews required by the Economic Growth and Regulatory Paperwork Reduction Act.

EGRPRA requires that regulations prescribed by the Federal Financial Institutions Examination Council, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System be reviewed by the agencies at least once every 10 years to...

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