WASHINGTON D.C. – While the streets may bleed, the paperwork never stops. Federal banking regulators – the FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency – are launching yet another round of public hand-holding, this time a ‘hybrid’ meeting scheduled for October 30, 2025, in Kansas City, Missouri. This isn’t a raid, no cuffs are being slapped, but it *is* about the rules that govern the flow of money, and the agencies are obligated to pretend they care what the public thinks about them.
The charade stems from the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA), a law requiring these agencies to review regulations every ten years. The stated goal? To identify rules that are “outdated or otherwise unnecessary.” Translation: to see if they can justify the mountains of paperwork and compliance costs they’ve piled onto banks and institutions. It’s a bureaucratic exercise in self-preservation, disguised as public service. Don’t expect any real changes; expect a lot of talking.
This latest “outreach” meeting – the third of its kind – invites “interested stakeholders” to voice their opinions on a laundry list of regulatory categories. We’re talking everything from ‘Applications and Reporting’ to the ‘Community Reinvestment Act’. Essentially, every aspect of how banks operate is up for polite discussion. Those wanting to actually *speak* – to stand before the regulators and complain about the red tape – must register by October 22, 2025, and hope they’re selected. The agencies will pick and choose who gets a platform. In-person attendance also requires advance registration, because even listening to complaints requires planning.
The agencies claim they’re open to hearing about any regulatory burden, but it’s a safe bet they’ll mostly get complaints from industry lobbyists and compliance officers. The small businesses and individuals crushed by these regulations rarely have the resources to navigate this process. This isn’t about helping the little guy; it’s about managing the optics of regulation. Expect a lot of soothing words and promises of “streamlining,” with minimal actual impact.
Additional public meetings are planned in the coming months, a perpetual cycle of review and reassessment. The agencies are clearly trying to appear responsive, but the real power remains firmly in their hands. For those interested in attending the Kansas City meeting, details – including a link to the virtual option – are available on the EGRPRA website’s ‘outreach’ page. But don’t expect a revolution. This is Washington, after all.
Contact Information: FDIC, Carroll Kim, (202) 898-7389; FRB, Chelsea Grate, (202) 452-2955; OCC, Monica McCoy, (202) 649-6870. Last Updated: September 9, 2025.
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