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ABA: The American Bankers Association
Compliance News

Kraninger Outlines Supervisory Burden Reduction Efforts at ABA Conference

The federal banking agencies are working to reduce excessive supervisory burdens through automation and shared data submission, Consumer Financial Protection Bureau Director Kathy Kraninger said at ABA's Regulatory Compliance Conference in New Orleans. In her first-ever public remarks to an audience of financial services professionals, she specifically said that she is working to “automate many of the things that are perhaps the biggest pain points” and added that the FFIEC agencies are “working very closely on a joint data intake system.”