ICBA to Agencies: Coordinate Reporting Changes

Dec 17, 2019

ICBA called on federal regulators to hold off on call report changes until after they advance rulemakings related to the Community Reinvestment Act and Section 1071 of Dodd-Frank. The agencies requested comment on updating call report data collection following recommendations by the Government Accountability Office.

In a comment letter and joint letter with other organizations, ICBA said the updates should be coordinated. ICBA also reminded the agencies that they should be working to advance short-form call reports for the first and third quarters, as mandated by the ICBA-advocated S. 2155 regulatory relief law.