Federal Bank Regulatory Agencies Seek Public Comment on Changes to Reduce Regulatory Burden

Federal bank regulatory agencies, including the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System, published the first in a series of requests for comment to identify outdated, unnecessary, or unduly burdensome regulations imposed on insured depository institutions. This request is part of the periodic review of regulations mandated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996.

The notice seeks comment on regulations from three categories: Applications and Reporting, Powers and Activities, and International Operations.

Comments are due by September 2, 2014.

See: FRB Press Release; FDIC Press Release; OCC Press Release.