BPI submitted a comment letter to the FDIC regarding its review of Financial Institution Letters to identify those that can be retired. BPI commended the agency on its efforts and encouraged it to seek other opportunities to retire or revise its guidance. BPI also provided a copy of the comment letter to the Federal Reserve and the OCC, encouraging those agencies to follow the FDIC’s example in review of their guidance documents to identify those that are no longer necessary or warrant revision for policy reasons.
You Might Also Be Interested In...
AML, Bank Secrecy Act and Sanctions BPI Submits Comment Letter to FinCEN Regarding AML Program Effectiveness
Bank Governance BPI Offers Recommendations to NY Financial Services Regulator on a Re-Proposed Regulation on Disclosure of Confidential Supervisory Information
Supervision & Enforcement Banking Regulators Respond to BPI and ABA’s Petition Codifying Guidance Is Nonbinding
Cybersecurity BPI Files Comment Letter with U.K. Banking Authorities in Response to Operational Resilience Proposals
Regulatory Reporting and Accounting BPI Submits Comment Letter to Banking Agencies on Revisions to Call Report
Consumer Affairs BPI Joins Joint Coalition Comment Letter Responding to CFPB NPR on General Qualified Mortgage Definition
More Posts by This Author
FinTech & Innovation FinTech and Big Tech Companies Want the Benefits of Banking Without the Responsibilities. Regulatory Loopholes Could Let Them Succeed.
COVID-19 Relief BPI and Joint Coalition Urge House and Senate Leadership to Address PPP Forgiveness Process
Bank Capital and Stress Testing The Farmer and the Seed Corn: Why Lowering the CCyB and Imposing Dividend Restrictions Are Opposites
AML, Bank Secrecy Act and Sanctions FinCEN Should Focus on Flexibility, Clarity and Coordination When Defining AML Effectiveness
COVID-19 Relief Loan Necessity Questionnaires -Borrower & Lender Coalition Letter to Congressional Leadership