ABA on Thursday welcomed a proposal from the OCC that would make several regulatory adjustments as part of its efforts under the Economic Growth and Regulatory Paperwork Reduction Act to reduce unnecessarily burdensome or outdated banking rules.
In a comment letter yesterday, ABA challenged the Consumer Financial Protection Bureau’s improper use of a streamlined review process to conduct research related to overdraft services without providing the public with notice and an opportunity to comment on its research approach.
ABA today filed its fourth and final comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter addressed several issues that ABA identified through collaboration with banks of all sizes and from across the country.
The OCC today issued a proposal that would make several regulatory adjustments as part of its efforts under the Economic Growth and Regulatory Paperwork Reduction Act to reduce unnecessarily burdensome or outdated banking rules.
The federal banking agencies today released their fourth request for comments under the decennial Economic Growth and Regulatory Paperwork Reduction Act review, making it the final opportunity for bankers to share specifics on unnecessarily burdensome regulations that should be changed via the EGRPRA process.
In remarks at yesterday’s Economic Growth and Regulatory Paperwork Reduction Act outreach meeting in Arlington, Va., Federal Reserve Governor Daniel Tarullo pointed to the possibility of changing the Basel III capital calculations and reporting to minimize the burden on highly-capitalized community banks — as ABA has long advocated.
The banking agencies are revisiting the dollar thresholds for their appraisal requirements, FDIC Chairman Martin Gruenberg said in Arlington, Va., today at the final outreach meeting for the decennial Economic Growth and Regulatory Paperwork Reduction Act review.
Frank Keating discusses top banking issues—from regulatory relief and cybersecurity to de novos and the future of the mutual charter—with Comptroller of the Currency Thomas Curry.
As part of its efforts to reduce Call Report burden, the banking agencies today advanced changes to the Call Report — proposing to eliminate or revise several Call Report entries and signaling further action down the road.
Rural banks face a number of challenges that are compounded by unnecessary, outdated and excessively burdensome regulations, Comptroller of the Currency Thomas Curry said today at the fourth of five outreach meetings for the decennial Economic Growth and Regulatory Paperwork Reduction Act review.