U.S. regulatory agencies are soliciting public opinions on banking operations and capital rules.

The US bank regulatory agencies are seeking public feedback on bank operations, capital requirements, and the Community Reinvestment Act as part of their regulatory review work. The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation announced on Monday that the public can provide comments within 90 days after the publication in the Federal Register. The regulatory agencies proposed changes to the Community Reinvestment Act regulations last week, repealing a Biden-era provision aimed at addressing redlining issues and promoting lending in low-income areas. They also disclosed in June plans to relax a key bank capital requirement, the enhanced supplementary leverage ratio. These agencies stated that under the law, they are required to review and update outdated or unnecessary requirements at least once every ten years.