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 during her first-ever public remarks to an audience of financial services professionals. "We're going to speed up the process and look more collectively at our examination processes." said Kraninger, who has just begun a two-year term as chairman of the Federal Financial Institutions Examination Council. "It's incumbent on us to ensure we don't impose unmanageable burdens while performing our duties."
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