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Friday, November 13, 2015

Agencies Announce Final EGRPRA Outreach Meeting

The federal banking agencies will hold an outreach meeting on Wednesday, December 2, 2015, at the FDIC in Arlington, Va., as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).

The meeting is the sixth and final in a series of outreach sessions that the FDIC, the Federal Reserve Board, and the OCC have held throughout the country. The meeting will feature panel presentations by bankers and consumer and community groups.

EGRPRA requires the agencies, along with the FFIEC, to conduct a review at least every 10 years to identify outdated or otherwise unnecessary regulations. The agencies have divided their regulations into 12 categories and requested comments in the Federal Register for nine categories. The agencies will request comment on the remaining three categories later this year.

The agencies have expanded the scope of the EGRPRA review to cover newly issued regulations. Comments will be accepted on all agency rules that are finalized before the end of the year.

Read more.

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