WASHINGTON -- The Federal Reserve on Wednesday proposed revising rules on bank loans to insiders, hoping to relieve some of its burden on the banking industry.

The proposal, which limits the kinds of transactions that must be considered insider loans under the Fed's Regulation 0, responds to industry complaints that the current rules are too strict and, in some cases, unclear.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.