ICBA is encouraging community bankers to register for regulators’ upcoming virtual meeting on federal banking regulations.
Virtual Outreach Meeting: The regulators said they will hold an ICBA-advocated virtual public outreach meeting on Wednesday, Sept. 25, as part of their latest regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act.
Registration Required: Community bankers interested in providing oral comments must register by the Aug. 9 deadline. The outreach meeting will cover six categories of regulations, including applications and reporting, consumer protection, and money laundering.
ICBA Response: In a national news release following the agency announcement last week, ICBA commended regulators for heeding ICBA’s calls to hold a livestreamed public outreach meeting as part of the current EGRPRA review. ICBA said in a comment letter earlier this year that regulators should invite community bankers to actively participate.
Second Request for Comment: Regulators announced the virtual meeting as part of the second request for comment under the latest EGRPRA review. Comments are due within 90 days of publication in the Federal Register.
Previous Comments: In its comments earlier this year, ICBA also called on regulators to hire an outside consultant and to designate an overall director of the current EGRPRA review. In a blog post earlier this year, ICBA’s Anne Balcer said regulators must take bold action to eliminate one-size-fits-all mandates.
