The Consumer Financial Protection Bureau, or CFPB, has issued a report entitled “Understanding the Effects of Certain Deposit Regulations on Financial Institutions’ Operations: Findings on Relative Costs for Systems, Personnel, and Processes at Seven Institutions.” The report is a step by the CFPB to collect and evaluate information on the benefits, costs, and impacts of certain deposit regulations.

Among other things, the study found the two smallest institutions included in the study had in-scope compliance costs of about 4% and 6%, respectively, of their estimated total retail deposit operating expense. The five largest study participants incurred costs to comply with the same regulations roughly equal to 1% to 2% of their estimated total retail deposit operating expenses.