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Friday, February 13, 2015

Agencies Begin Second Phase of EGRPRA Review

The Federal Reserve, FDIC and OCC today launched the second round of comments in the decennial Economic Growth and Regulatory Paperwork Reduction Act review cycle, which is mandated by Congress in order to identify bank regulations that are outdated, unnecessary or burdensome.

The second phase of the review will cover regulations related to banking operations, capital and the Community Reinvestment Act. Comments on this round of topics are due on May 14. The agencies narrowed the realm of potential regulatory relief, explicitly excluding CFPB and FinCEN rules, as well as any rules related to the Dodd-Frank Act or Basel III.

Read the request for comment.
View ABA resources on EGRPRA.

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