FDIC, Agencies Remind Banks of Potential Risks Associated With Third-Party Deposit Arrangements
July 26, 2024
July 26, 2024
WASHINGTON, July 26 -- The Federal Deposit Insurance Corporation posted the following joint news release on July 25, 2024, with Treasury Office of the Comptroller of the Currency and the Federal Reserve System:
The federal bank regulatory agencies today issued a statement reminding banks of potential risks associated with third-party arrangements to deliver bank deposit products and services.
The agencies support responsible innovation and banks engaging in these arrang . . .
The federal bank regulatory agencies today issued a statement reminding banks of potential risks associated with third-party arrangements to deliver bank deposit products and services.
The agencies support responsible innovation and banks engaging in these arrang . . .