ARLINGTON, Va. — In response to Small Business Administration's request for nominations for existing regulations that are in need of reform, NAFCU reiterated a number of areas for consideration.

The SBA's Office of Advocacy's Regulatory Review and Reform Initiative, or r3, is designed to identify and address existing federal regulations that should be revised because they are ineffective, duplicative, or out of date.

NAFCU suggested reforming Regulation D, which implements the reserve requirements for depository institutions pursuant to the Federal Reserve Act by increasing the six transfer limitation, wrote Dan Berger, NAFCU senior vice president of government affairs, in a Dec. 28 letter to SBA.

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