The Federal Reserve, FDIC and OCC requested comments on bank regulations that are outdated, unnecessary or burdensome. The review — conducted under the Paperwork Reduction Act — will cover rules on applications and reporting; powers and activities; and international operations.
Specifically, the agencies asked that comments address any need for statutory change, changes in the underlying purpose of the regulations, the utility of different regulatory approaches, effects on competition, the burden of reporting requirements, and effects on institutions by size and charter type, among other issues.
Comments are due 90 days after publication in the Federal Register.
Read the request for comment.