The federal bank regulatory agencies have issued their fourth notice seeking public input on reducing regulatory burdens. This action is part of the Economic Growth and Regulatory Paperwork Reduction Act, which mandates a review of regulations every ten years to identify those that may be outdated or unnecessarily burdensome for supervised institutions.
To aid this review process, the agencies have categorized their regulations into 12 groups. Currently, they are requesting comments on three remaining categories: Banking Operations, Capital, and the Community Reinvestment Act. The public has a 90-day period from the date of publication in the Federal Register to submit their feedback.
Federal Register notice: “Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (PDF)”
