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Federal regulators issued interim final rules to enact an ICBA-advocated provision of the S. 2155 regulatory relief law expanding eligibility for the 18-month exam cycle. As authorized by the ICBA Plan for Prosperity-inspired law, the interim final rules generally apply the extended exam cycle to institutions with less than $3 billion in total assets.
ICBA in June called on federal regulators to quickly issue regulations implementing the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act, which passed in May. ICBA will continue working with policymakers on the swift implementation of the law as part of its ongoing push for comprehensive regulatory relief.
Comments on the interim final rules will be accepted for 60 days after publication in the Federal Register.
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