Public meeting at the Federal Reserve Board of Governors on the Economic Growth and Regulatory Paperwork Reduction Act. Georgia Kogut, GWU.
On March 26, 2026, I attended a public meeting at the Federal Reserve Board of Governors on the Economic Growth and Regulatory Paperwork Reduction Act. I expected something highly technical and removed from everyday realities, but the conversation returned to the same concerns. The meeting was divided into four panels: supervision, banking regulations, innovation, and consumer protection. The discussion centered on two larger themes: inconsistency in supervision and the pressure placed on community banks. Panelists came from different institutions, but their concerns clearly overlapped. The first panel on bank supervision made clear that the issue is not a lack of rules, but how unevenly those rules are applied. Several speakers highlighted the issue of weak communication between regulators and banks, noting that expectations shift depending on the examiner or agency involved, which creates unpredictability that makes the system more difficult to navigate. Instead of o...