Oklahoma Lawmakers Question the 'Super Wild Card' Provision

Summary

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After several meetings listing the reasons for and against a proposal to expand the abilities of Oklahoma banks, members of a legislative task force identified just one point on which most members agreed: the "super wild card" provision is out.

"The so-called 'super wild card' statute, granting to any one profession all the rights to conduct business such a profession has in any other state, is poor public policy," wrote Sen. Jay Paul Gumm, D-Durant, co-chairman of the State Banking Services Task Force, in a letter to his fellow task force members.

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Extract

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Oklahoma Lawmakers Question the 'Super Wild Card' Provision

The task force was created after a bill introduced in the 2006 session had proposed that banks in Oklahoma be granted the ability to do anything banks in other states are permitted to do...

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