Oklahoma Bankers Association We make bankers better!
During the OBA Washington Visit in September, the acting comptroller of the currency mentioned EGRPRA (The Economic Growth and Regulatory Paperwork Reduction Act), which elicited several questions from bankers.
Ryan Portell, with the comptroller’s office, reached out to OBA Chair Alicia Wade late last week with some follow-up information. We’re sharing below what he had to say:
The agencies have split the EGRPRA process into four different public notices that will cover three topics per notice. Currently, the agencies are seeking comments on the following topics. You have until Oct. 30 to submit a written comment.
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- Consumer Protection.
- Directors, Officers, and Employees.
- Money Laundering.
Each agency has a different process for submitting comments, but for the OCC, this link will take you directly to the comment feature on Regulations.gov. You can type your comment into the text box or upload a written letter. Alternatively, you can mail your comment to:
Chief Counsel’s Office
Attention: Comment Processing
Office of the Comptroller of the Currency
400 7th Street SW, Suite 3E-218
Washington, DC 20219
I would also encourage you and your members to sign-up to speak at future public outreach meetings. The OCC hosted the first public outreach meeting last Wednesday, but there will be five more (two virtual and three hybrid). Those dates and locations have not yet been announced, but I am happy to provide that information when it becomes available. If you have any questions or need anything else on my end, please do not hesitate to reach out.