FDIC Announces Extension of Comment Period for Deposit Insurance Recordkeeping Rule for Banks' Third-Party Accounts
November 19, 2024
November 19, 2024
WASHINGTON, Nov. 19 -- The Federal Deposit Insurance Corporation issued the following news release on Nov. 18, 2024:
The Federal Deposit Insurance Corporation (FDIC) today announced a 45-day extension to the public comment period for the FDIC's proposed rule on recordkeeping for custodial accounts. The proposal seeks to address risks related to certain third-party arrangements, protect depositors, and promote public confidence in insured deposits. Comments on the proposal must be re . . .
The Federal Deposit Insurance Corporation (FDIC) today announced a 45-day extension to the public comment period for the FDIC's proposed rule on recordkeeping for custodial accounts. The proposal seeks to address risks related to certain third-party arrangements, protect depositors, and promote public confidence in insured deposits. Comments on the proposal must be re . . .