HEARING THEIR PAIN? By switching charters and escaping the QTL test, Berkshire Hills Bancorp will have "greater flexibility with respect to the future of commercial lending," CEO Mike Daly (left) said. Comptroller Thomas Curry said the test should be eliminated so federal thrifts can "adapt
to changing economic and business environments."
One reason so many federal thrifts have switched to other charters is that the Qualified Thrift Lender test impedes their commercial lending. However, a top regulator says he wants it eliminated.
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