US Regulators Seek Public Input on Bank Operation, Capital Rules.

The article discusses US bank regulators' request for public input on banking operations, capital requirements, and the Community Reinvestment Act (CRA) rules as part of a regulatory review. The Federal Reserve, along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, has opened a 90-day comment period following the publication in the Federal Register. Proposed changes include rescinding a Biden-era CRA rule aimed at addressing redlining and enhancing lending in lower-income areas, as well as plans to modify the enhanced supplementary leverage ratio, a key bank capital rule. This review is mandated by the Economic Growth and Regulatory Paperwork Reduction Act, which requires updates to outdated regulations at least once every decade. [Extracted from the article]