WASHINGTON — The federal banking agencies on Wednesday began an extensive effort — required by a law passed before the financial crisis — to gather feedback about which rules should be placed under the microscope for potential regulatory relief.

The 1996 law, known as the Economic Growth and Regulatory Paperwork Reduction Act, requires the regulators every 10 years to identify policies that are unnecessary, out of date, or too burdensome for banks to follow. As part of the review — the second of its kind since the law’s enactment — the public will be asked to comment on a wide array of topics.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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