ICBA is urging community bankers to submit comment letters by Oct. 23 on the final round of the banking agencies’ Economic Growth and Regulatory Paperwork Reduction Act of 1996 review.
How To Submit a Letter:
ICBA’s Be Heard grassroots action center offers a guide to help community bankers submit letters on regulatory burden concerns.
Community bankers can also use the guide to deliver oral comments, either virtually or at an in-person public outreach meeting on Oct. 30 in Kansas City. (Registration is required by Oct. 22.)
The banking agencies are seeking comments on three categories for this final round: banking operations, capital, and the Community Reinvestment Act.
What it Means for Community Bankers: EGRPRA requires the federal banking agencies to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations, allowing community bankers to articulate concerns with regulatory burden and its impact on local communities.