Reminder: Register to Attend Upcoming Meeting to Discuss Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
First meeting planned for Dec. 2 in Los Angeles
The Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and Board of Governors of the Federal Reserve System (agencies) are holding a series of outreach meetings to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). The first outreach meeting is at the Los Angeles branch of the Federal Reserve Bank of San Francisco on December 2. Registration begins at 7:30 a.m. and the program runs from 9:00 a.m. – 5:15 p.m., including lunch. A copy of the meeting agenda can be accessed here. To register for the event, or to download instructions to watch the meeting via a live webcast, please click here.
Comptroller Thomas Curry, FDIC Chairman Martin Gruenberg, and Federal Reserve Board Governor Lael Brainard will be on hand as bankers, community groups, trade executives and other interested observers comment on regulations in three specific area sets:
- Applications and Reporting, Powers and Activities, International, Banking Operations
- Securities, Money Laundering, Safety and Soundness, Rules of Procedure
- Capital-related rules; CRA; Consumer Protection; Directors, Officers and Employees
EGRPRA requires the agencies, along with the FFIEC, to review their regulations at least every 10 years to identify outdated or otherwise unnecessary regulations. These meetings will also include panel presentations by industry participants, and consumer and community groups. The three banker panels will each feature four executives from institutions in the Western United States and be moderated by a senior regulatory agency staff member. Time is also set aside for audience discussion and presentation of views.