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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Background: EGRPRA requires the federal banking agencies to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations, giving community bankers an opportunity to articulate their concerns.
Get Involved: ICBA’s new guide helps community bankers prepare for two opportunities:
Tomorrow’s virtual hearing to hear directly from bankers on how regulatory burdens adversely affect their banks and customers. Registration is now closed for this hearing, but there will be future opportunities to testify.
The agencies will accept written comments on regulatory burden until Oct. 30. The topics open for comment include regulations related to consumer protection, directors, officers, employees, and money laundering.