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Office of the Comptroller of the Currency
Banking regulators launch broad review of financial rules
Banking regulators launch broad review of financial rules

Three of the nation's financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks. Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are required to conduct such a review at least once every 10 years. The new study comes after Congress enacted a sweeping overhaul of financial laws in 2010. Agencies still are drafting remaining rules to implement the reforms. The so-called Dodd-Frank law was passed in response to the financial crisis, and many industry executives have criticized some of the hundreds of new rules adopted so far as placing too...

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