Federal bank regulatory agencies seek comment on interagency effort to reduce regulatory burden
February 06, 2024
The federal bank regulatory agencies today announced their first of a series of requests for comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires the Federal Financial Institutions Examination Council and federal bank regulatory agencies to review their regulations every 10 years to identify any outdated or otherwise unnecessary regulatory requirements for their supervised institutions.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20240206a.htm