FFIEC Joint Report to Congress on Regulatory Paperwork Reduction

The FFIEC has submitted its Joint Report to Congress as mandated by the Economic Growth Regulatory Paperwork Reduction Act. This report outlines the Council's ongoing initiatives and assessments aimed at identifying and reducing unnecessary regulatory burdens and paperwork requirements for financial institutions operating under its member agencies.

While this report is primarily informational and does not impose new obligations, regulated entities should be aware that it reflects the FFIEC's focus on regulatory efficiency. Compliance officers should note the areas of focus within the report, as they may indicate future supervisory priorities or potential areas for process improvement within their own organizations.