Agencies Announce Final EGRPRA Outreach Meeting

The federal banking agencies will hold an outreach meeting on Wednesday, December 2, 2015, at the Federal Deposit Insurance Corporation (FDIC) in Arlington, Va., as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).

The meeting is the sixth and final in a series of outreach sessions that the FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency have held throughout the country.

The meeting will feature panel presentations by bankers and consumer and community groups. Interested people may also present their views on any of the 12 categories of regulations listed on http://egrpra.ffiec.gov.

FDIC Chairman Martin J. Gruenberg, Comptroller of the Currency Thomas J. Curry, and Federal Reserve Governor Daniel K. Tarullo are scheduled to attend. Stephen C. Taylor, acting commissioner of the District of Columbia Department of Insurance, Securities and Banking, and E. Joseph Face, Jr., commissioner, Virginia Bureau of Financial Institutions, are also scheduled to attend. Other state banking regulators are invited to participate through the State Liaison Committee of the Federal Financial Institutions Examination Council (FFIEC).

The meeting will be webcast live at http://egrpra.ffiec.gov. Online viewers will be able to submit written comments using the text chat feature at any time during the presentations. In addition, a toll-free telephone number also will be provided for people who would like to listen to the meeting, and who may choose later to submit written comments.

EGRPRA requires the agencies, along with the FFIEC, to conduct a review at least every 10 years to identify outdated or otherwise unnecessary regulations. The agencies have divided their regulations into 12 categories and requested comments in the Federal Register for nine categories. The agencies will request comment on the remaining three categories later this year. The previously published Federal Register notices are available at http://egrpra.ffiec.gov/federal-register-notices/fedreg-index.html.

As previously announced, the agencies have expanded the scope of the EGRPRA review to cover newly issued regulations. Comments will be accepted on all agency rules that are finalized before the end of the year.

Details on the Arlington, Va., meeting, including registration information and the agenda, are available on the EGRPRA Website, http://egrpra.ffiec.gov/outreach/outreach-index.html.

The five previous outreach meetings were held in Los Angeles on December 2, 2014; Dallas on February 4, 2015; Boston on May 4, 2015; Kansas City, Mo., on August 4, 2015; and Chicago on October 19, 2015.

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