The federal bank regulatory agencies have issued their fourth notice seeking public comment to address regulatory burdens. The Economic Growth and Regulatory Paperwork Reduction Act mandates these agencies to review regulations every decade, identifying those that are outdated, unnecessary, or excessively burdensome for supervised institutions.
In this review process, the agencies have divided regulations into 12 categories. They are now requesting comments on the remaining three categories: Banking Operations, Capital, and the Community Reinvestment Act. The public has a 90-day window from the publication in the Federal Register to provide feedback on these regulations.
Federal Register notice: Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (PDF)
