ICBA recently issued a guide to help community bankers participate in the Economic Growth and Regulatory Paperwork Reduction Act review process launched by banking regulators this year.
Background: EGRPRA requires the federal banking agencies to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations, giving community bankers an opportunity to articulate their concerns.
Getting Involved: ICBA’s new guide helps community bankers develop written comments on regulatory burden due by Oct. 30 and prepare for future hearings as part of the review.
Recent Outreach Meeting: During a virtual outreach meeting last week, ICBA Past Chairman Brad Bolton and ICBA Safety and Soundness Committee Chairman Ken Hale discussed the negative impact of excessive regulatory burdens on local communities.
