ST. LOUIS – The Federal Reserve Bank of St. Louis has expanded its banking regulations web site to help the public easily track and comment on rules being written by banking regulatory agencies.
Web site visitors can now visit www.stlouisfed.org/federal-banking-regulations to obtain comprehensive listing and status updates for banking and consumer-related rules for agencies that are involved in regulating financial institutions.
Initially, the site followed regulations involved in the implementation of the Dodd-Frank Act. Now the site also allows users to track rules issued by the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Financial Institutions Examination Council (FFIEC), the Federal Housing Finance Agency (FHFA), the Financial Crimes Enforcement Network (FinCEN), the Federal Reserve Board of Governors (FRS), the Financial Stability Oversight Council (FSOC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Office of Financial Research (OFR), and the Treasury Department (Treas).
“We have been encouraging bankers, the public and others to comment on agency rulemakings,” said Mary Karr, St. Louis Fed senior vice president and general counsel. “To help with the process, we have designed a ‘one-stop’ site with links to provide comments on matters affecting banks and consumers.”
In addition to features that include the latest rule updates and RSS feed, the site sorts the rules by status sections: “Open for Comment,” “Proposed,” “Interim Final,” “Final,” and “Guidance” rules and comments. A new “Guidance” section has been added to track significant supervisory directions issued by the agencies. A resource section is also available with links to more information about each agency and a brief tutorial on how a rule is made. The “Open for Comment” section is designed to make it simple to submit comments on rules. Comment period end dates are noted so that users can make sure not to miss a critical deadline.
The other sections cover the steps in the rulemaking process from the initial proposal to the final rule. These sections include critical information such as the effective and mandatory compliance dates for various rules. Additional features include search and sort functionality and e-mail alerts.
Visitors to the site are encouraged to contact the St. Louis Fed at FedBankingRegs@stls.frb.org with any questions or suggestions.