We asked you to help us improve and simplify the financial industry regulatory process.
You responded with over 850 comment letters.
Thank you!
The comment letters contained hundreds of suggestions to reduce or eliminate regulations that commenters believed were outdated, unnecessary or unduly burdensome.
Many of your suggestions were implemented through changes to existing regulations or guidelines. In Congress, bipartisan efforts to reduce excessive regulatory burden while protecting consumers and benefiting the economy,
culminated in the enactment of the Financial Services Regulatory Relief Act of 2006. The Agencies subsequently sent a report to Congress summarizing the Agencies’ efforts to reduce regulatory burden while maintaining the safety & soundness of the industry, protecting important consumer rights and fulfilling all of our other statutory obligations. Please read our report to Congress for more details.
