US bank regulators ask for public comment on rules they might cut

Three US bank regulators are reviewing their rules to find any that are outdated or unnecessary. This is the fourth and final request for public comment on which rules to remove.

Every few years, Congress tells bank regulators to review all their rules and cut the ones that no longer make sense. This process can lead to banks having fewer compliance costs, or it can lead to no changes at all. The last time this happened, in 2017, regulators made only minor adjustments. This time, the regulators are asking for public input on rules about how banks operate, how much cash they must keep, and how they serve low-income communities.