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OCC Issues EGRPRA Rule to Reduce Reg Burden

While regulators continue their joint Economic Growth and Regulatory Paperwork Reduction Act review, the OCC released its own final rule to reduce burdens on national banks and thrifts. Among its provisions, the rule removes certain notice and disclosure requirements, simplifies certain licensing rules for mutuals, and more. The OCC also recommended legislative changes to Congress, such as a community bank exemption from the Volcker rule. Read More from OCC.