GRIMY TIMES EXCLUSIVE: The Federal Deposit Insurance Corporation (FDIC) is at the forefront of a major regulatory review, announcing a virtual public outreach meeting set for September 25. This comes under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), which mandates agencies to review regulations every decade.
Industry stakeholders are invited to voice their views on six key categories: Applications and Reporting; Powers and Activities; International Operations; Consumer Protection; Directors, Officers and Employees; and Money Laundering. Registration is open until August 9 for those wishing to provide oral comments.
The FDIC, along with the Federal Reserve Board and the Office of the Comptroller of the Currency, will notify selected individuals within a month of registration closing. Observers do not need pre-registration to attend.
Additional public meetings are planned for 2024 and 2025. Details can be found on the EGRPRA website. The agencies encourage a robust exchange of ideas to streamline regulations and support economic growth.
Contact information is available for FDIC, FRB, and OCC for further inquiries or registration assistance.
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Key Facts
- Agency: FDIC
- Category: Financial News|Regulatory News
- Source: Official Source ↗
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