But that doesn’t mean that we shouldn’t continue to try to at least limit the burden. I hope you have noticed the number of times I have referred to reports from bankers or concerns expressed by borrowers.
Even though I have experience living with regulatory burden, I still need regular feedback from bankers and consumers of banking services to understand the impact of regulation – both its effectiveness in achieving intended results and in limiting any unintended consequences. The Federal Reserve makes every effort to identify opportunities to reduce burden or improve credit availability.