The federal bank regulatory agencies have announced their fourth notice seeking public input to reduce regulatory burdens. This initiative is part of the Economic Growth and Regulatory Paperwork Reduction Act, which mandates a review of regulations every ten years to identify outdated or unnecessary requirements for supervised institutions.
In this phase, the agencies are focusing on three categories: Banking Operations, Capital, and the Community Reinvestment Act. The public has 90 days from the publication in the Federal Register to submit comments.
Additionally, outreach meetings will be held for interested parties to provide direct feedback on regulatory requirements. Details about these meetings will be made available as they are finalized.
