He told the committee that a recent decision by the Office of the Comptroller of the Currency to preempt national banks and their state- chartered subsidiaries from most state laws, state regulatory oversight and law enforcement poses a grave threat to the state banking system and the state-federal dual banking
As previously noted, we are working closely with the FDIC and state banking agencies to deal with the challenges presented by interstate banking and branching to ensure that the dual banking
system remains viable in future years.
The group participates in lobbying activities at the state and national level; supports a dual banking
system; helps to protect the rights of states to determine a suitable financial institution structure; and provides a variety of cost effective services to members.
Action to alter this balance would be contrary to the deliberate steps that the Congress has taken to ensure a proper balance in the regulation of this nation's dual banking
The ABIA believes that the dual banking
system can be translated for use by the insurance industry.
Such action would be contrary to the deliberate steps that the Congress has taken to ensure a proper balance in the regulation of this nation's dual banking
The "optional federal charter" structure mirrors the successful dual banking
system and would provide a more uniform, efficient regulatory environment.
We attribute this strong growth to our business model, what we call the dual banking
leverage model , which allows us to have effective and real scale, as well as depth, in our ability to support the needs of consumers in the markets we serve.
CSBS is the only national organization dedicated to enhancing the value of the state charter and strengthening the dual banking
Every time I have interviewed Governor Zeti she has given me the same quote about Malaysia's dual banking
system; it gives choice to the consumer.
EcoBank converted its operations into an Islamic bank one-and-a half years ago as part of the republics adoption of a dual banking
system comprising Islamic and conventional.
Dugan also took issue with the notion that national bank preemption has created a "regulatory gap" in consumer protection, citing the strong protections in federal law and the OCC's extensive enforcement powers and strong supervisory oversight, along with differences in state and federal regulation that result from federalism and the dual banking