In Alaska, state-chartered banks are supervised by the State of Alaska, while the Office of the Comptroller of the Currency (part of the US Treasury Department) supervises federally chartered banks
The Board seeks to retain existing state chartered banks while encouraging federally chartered banks
to become state charters.
If the bill passes, there would be three sets of rules: a federal cap for large national banks, a state cap for small state-chartered banks, and no cap at all for smaller federally chartered banks
House Bill 2467 does not stop a bank from making the loans - federally chartered banks
are out of the Legislature's reach - but it prohibits tax preparers, which are state regulated, from dealing in high-cost loans.
Melissa Bean (D-Illinois) is proposing an amendment to exempt federally chartered banks
and credit unions from additional state regulations.
It also enables federally chartered banks
that are considering acquiring licensed lenders to assess the risk exposure of existing loan pools, as well as understand how their ability to pre-empt certain state laws would change the target's regulatory risk schema for any new loans it originates, explained Louis Pizante, Mavent's chief executive officer.
The House language would raise the limit on such public welfare investments by federally chartered banks
and thrifts to 15 percent of capital and surplus, up from 10 percent.
The entry of federally chartered banks
or financial holding companies (FHCs) into the management business would tilt this balanced marketplace toward the FHCs.
Do Americans believe that their assets held at federally chartered banks
are less well protected than those held at state chartered banks?
A recent proposal by the Federal Reserve Board that would allow federally chartered banks
to engage in real estate brokerage and property management has not gone unnoticed by the National Association of Realtors.
This frees more than 90 percent of all federally chartered banks
from the law.
He said his legislative priorities include continuing NAR's campaign to keep federally chartered banks
out of real estate brokerage and property management and to raise the need for affordable housing opportunities higher on the federal agenda.