FDIC Seeks Public Feedback on Regulatory Actions

As part of its ongoing commitment to transparency, the FDIC is issuing a request for information seeking comments on its regulatory actions to assess their effectiveness, cost and benefit. “An objective and transparent analysis of the effects of regulatory actions and alternatives supports both good policy decisions and the meaningful involvement and trust of the public in the rulemaking process,” the FDIC said.

Among other things, the FDIC is seeking information on the effects of regulation on banks’ safety and soundness; how it can better anticipate potential unintended consequences of regulatory changes; the effects of regulation on the cost and availability of credit and other financial services; and the direct and indirect costs incurred by banks as a result of regulatory changes. Comments on the RFI will be due on Jan. 28, 2020.