WASHINGTON—Several regulatory agencies that oversee banks said they will hold a virtual public outreach meeting on Sept. 25, as part of a review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).
NCUA will not be part of the review, as it conducts a separate initiative to review one-third of its regulations each year.
EGRPRA requires the agencies, with input from the public, to review their regulations at least once every 10 years to identify any outdated or otherwise unnecessary regulatory requirements applicable to their supervised institutions.
‘Six Categories of Regulations’
According to the Fed, the outreach meeting is an opportunity for interested stakeholders to present their views on the six categories of regulations listed in the first two Federal Register notices:
- Applications and reporting; powers and activities
- International operations
- Consumer protection
- Directors, officers and employees
- Money laundering
Registration Required
Individuals interested in providing oral comments must register by Aug. 9, and indicate the regulatory category they would like to discuss. The Fed said the agencies will notify those individuals selected to provide comments within one month of registration closing.
Advance registration is not required to attend the virtual public meeting as an observer.
The agencies will announce additional public meetings in 2024 and 2025, according to the fed, with details to be available on the EGRPRA website.