Regulatory Alerts2024-08-01 | 2024-16729Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
The OCC, Federal Reserve Board, and FDIC are conducting a statutory regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to identify outdated or unnecessary rules affecting insured depository institutions and their holding companies. This second of four planned Federal Register notices specifically requests public comments on regulations within the Consumer Protection, Directors Officers and Employees, and Money Laundering categories. Commenters are invited to highlight burdensome or redundant requirements and suggest amendments by October 30, 2024, to help the agencies streamline compliance while maintaining consumer protection and financial system safety.
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