Opportunity to comment on outdated, unnecessary and unduly burdensome banking regulations

Posted on 06/04/2014 at 03:56 PM by Howard Hagen

Every 10 years the FFIEC, OCC, FDIC, and Federal Reserve are required to review their regulations and solicit comments on those that are outdated, unnecessary, or unduly burdensome.  The regulations have been put into 12 categories and will be published for comments over the next two years in batches of three.  The first batch was released today and seeks comments on regulations in the following areas: Applications and Reporting, Powers and Activities, and International Operations.  Comments will close on September 2, 2014.  If there is a regulation that has been stuck in your craw for years now, this an appropriate and opportune time to let the regulators, and ultimately Congress, know about it.  Watch for the other subsequent Notices for Comments on the other categories as they are released. You can review the first batch of regulations and submit a comment here.        

The material in this blog is not intended, nor should it be construed or relied upon, as legal advice. Please consult with an attorney if specific legal information is needed.

- Howard Hagen

Categories: Howard Hagen, Banking Law


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