FDIC Board Member Gruenberg Issues Statement on Economic Growth, Regulatory Relief & Consumer Protection Act
November 19, 2019
November 19, 2019
WASHINGTON, Nov. 19 -- The Federal Deposit Insurance Corporation issued the following statement by Board Member Martin J. Gruenberg on the Economic Growth, Regulatory Relief and Consumer Protection Act:
"The final rule before the FDIC Board today would implement Section 402 of the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA), which directs the appropriate Federal banking agencies to amend their rules for custodial banks to exclude central bank reserv . . .
"The final rule before the FDIC Board today would implement Section 402 of the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA), which directs the appropriate Federal banking agencies to amend their rules for custodial banks to exclude central bank reserv . . .