H.R. 4544
Streamlines approval for starting new banks
Tells federal banking and credit union regulators to review and simplify how new banks get approved, and to help applicants through the process.
- Regulators must review the process for approving new banks and credit unions
- Agencies should gather needed information from each other instead of the applicant
- Regulators would study how new banks raise money and how rules affect that
- An applicant can ask for a staff caseworker and a list of mentor institutions
Passed the House · Senate's turn