FDIC Proposes Deposit Insurance Recordkeeping Rule for Banks ...

FDIC Proposes Rule to Strengthen Banks' Recordkeeping

The Federal Deposit Insurance Corp. (FDIC) has proposed a rule that would strengthen recordkeeping for bank deposits received from third party, non-bank ...

FDIC's Proposed Changes to Custodial Deposit Accounts

The Federal Deposit Insurance Corporation (FDIC) issued a Notice of Proposed Rulemaking (the Proposal) on September 17, 2024, that seeks to ...

New FDIC Recordkeeping Requirements: Director Chopra Cautions ...

The proposed rule “is an important step to ensure that banks know the actual owner of deposits placed in a bank by a third party… and that the ...

FDIC Publishes Proposed Rule on Recordkeeping for Third-Party ...

We previously posted on the Federal Deposit Insurance Corporation's (FDIC) notice of proposed rulemaking aimed at enhancing recordkeeping ...

FDIC Proposes Recordkeeping Requirements on Banks for ...

The Federal Deposit Insurance Corporation (FDIC) issued a proposed rule requiring insured depository institutions to adhere to new ...

Recordkeeping for Timely Deposit Insurance Determination

The FDIC is adopting a final rule to facilitate prompt payment of FDIC-insured deposits when large insured depository institutions fail.

Burdensome Proposed FDIC FBO Account Rules Loom Large for ...

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) published a notice of proposed rulemaking (the Proposed Rule) that ...

Federal Deposit Insurance Corporation: Recordkeeping for Timely ...

The Federal Deposit Insurance Corporation (FDIC) estimates that the final rule will apply to 38 institutions, each with two million or more deposit accounts.

FDIC Proposes Tighter Recordkeeping in Bank-Fintech Partnerships

For banks, the rule reinforces deposit insurance integrity, ensuring that in the event of a failure, the FDIC can quickly determine ownership of ...

FDIC Calls for Better Deposit Insurance Record Keeping at Big Banks

WASHINGTON — The Federal Deposit Insurance Corp. was set to issue a proposal Tuesday that would require big banks to keep more detailed ...

FDIC Board Approves Proposal on Deposit Account Recordkeeping ...

#5138 · FDIC Board Approves Proposal on Deposit Account Recordkeeping Requirements to Facilitate Timely Access to Deposits in Large Bank Failures · Details:.

FDIC Board Finalizes Changes to Recordkeeping Requirements for ...

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved amendments to two rules to simplify the process ...

FDIC proposes changes to record keeping requirements for deposit ...

... deposit insurance determinations in the event a bank enters receivership. The first proposal amends Part 370 of the FDIC's Rules and Regulations ...

Joint Trades Letter re FDIC NPR to revise Rule 370

... (Proposal) from the Federal Deposit Insurance Corporation (FDIC) to revise. 12 CFR §370, “recordkeeping for timely deposit insurance ...

FDIC Proposed Rulemaking on Recordkeeping for Custodial Accounts

Protecting Deposit Insurance: The proposed rule aims to strengthen the FDIC's ability to promptly and accurately determine deposit insurance ...

Federal Deposit Insurance Corporation's (FDIC) proposed rule to ...

The rule will require banks to ensure account records are maintained to determine the individual owner of funds and to perform reconciliation on ...

5 Things Banks Should Know about the FDIC's Recordkeeping ...

The proposed rule states that if banks rely on non-bank companies to manage custodial deposits and their records, the bank must have ...

FDIC proposes requiring banks to keep better deposit records of ...

The Federal Deposit Insurance Corporation (FDIC) proposed a new rule that would require banks to keep better deposit records on ownership of funds.

FDIC Proposes Deposit Insurance Recordkeeping Rule for Banks ...

Excerpt: “The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would ...

FDIC Proposes Recordkeeping and Reconciliation Requirements ...

On September 17, 2024, the Federal Deposit Insurance Corporation released a proposed rule ... Proposed Rule Would Require Banks to Make Changes ...