FDIC Proposes Deposit Insurance Recordkeeping Rule for Banks ...

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

FDIC Proposes New Recordkeeping Requirements for Custodial ...

Under the Federal Deposit Insurance Act, the FDIC insures bank deposits. ... This insurance is provided to a depositor typically up to $250,000 ...

Proposed Rules - FDIC

deposit insurance coverage; ''Banking ... implement certain recordkeeping capabilities to calculate deposit insurance coverage in the event of the.

FDIC Proposed Recordkeeping Rule for Custodial Deposit Accounts

On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) Board of Directors approved a proposal that would impose recordkeeping ...

Requirements for Custodial Deposit Accounts with Transactional ...

The FDIC Board is considering today a proposed rule that would strengthen the recordkeeping requirements ... deposit insurance in the event ...

FDIC proposes to strengthen custodial deposit account ... - Davis Polk

FDIC proposes to strengthen custodial deposit account recordkeeping in bank-fintech partnerships ... The FDIC recently proposed a rule intended to ...

FDIC Proposes New Requirements for Custodial Accounts | Jones Day

Background The FDIC approved a Proposal that would establish new recordkeeping requirements for IDIs with respect to "custodial deposit ...

FDIC Proposes New Requirements for Custodial Accounts | Insights

In its Proposed Rule, the FDIC explained that its ability to use third-party records to make prompt deposit insurance determinations and if ...

FDIC Proposes New Rule to Strengthen Recordkeeping for Third ...

On September 17, the Federal Deposit Insurance Corporation (FDIC) announced a notice of proposed rulemaking (Proposal) aimed at enhancing ...

FDIC proposes new recordkeeping requirements for bank-fintech ...

“If a bank fails, the FDIC cannot pay deposit insurance to the depositors based on inaccurate or incomplete records,” FDIC Chairman Martin ...

4 Takeaways From The FDIC's Proposed Recordkeeping Rule

On Sept 17, the Federal Deposit Insurance Corp.'s board of directors approved a proposal that would impose recordkeeping and other compliance ...

FDIC Issues Proposal to Improve Bank Recordkeeping of Fintech ...

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a proposed rule (the “Proposed Rule”) intended to strengthen ...

Requirements for Custodial Deposit Accounts with Transactional ...

Summary:The Federal Deposit Insurance Corporation (FDIC) issued for public comment a notice of proposed rulemaking (proposal) to strengthen ...

12 CFR Part 370 Recordkeeping for Timely Deposit Insurance ...

There is no requirement in the FDIC's deposit insurance regulations for banks to obtain or maintain a beneficiary's government identification for purposes of ...

Statement by Jonathan McKernan, Director, FDIC Board of Directors ...

... deposit insurance to depositors had one of the partner banks failed. ... deposit accounts exempted from the proposal's requirements, is the ...

Recordkeeping for Timely Deposit Insurance Determination

The FDIC is amending its rule entitled "Recordkeeping for Timely Deposit Insurance Determination" to clarify the rule's requirements, ...

Notice of Proposed Rulemaking on Custodial Deposit Accounts with ...

... insurance regulations, the FDIC may rely on records of parties other ... deposit accounts that are exempt from the proposed recordkeeping ...

Statement by Vice Chairman Travis Hill on Notice of Proposed ...

In 1984, the FDIC and Federal Home Loan Bank Board issued a joint final rule that restricted deposit insurance for certain types of pass-through ...

part 370—recordkeeping for timely deposit insurance determination

§ 370.4 Recordkeeping requirements. ... (iii) Grantor and each beneficiary, if the deposit account is held in connection with an informal revocable trust that is ...

FDIC Part 370: Compliance with The Recordkeeping Rule - Deloitte

The Federal Deposit Insurance Corporation's new recordkeeping rule presents many challenges for Covered Institutions (CIs). And although the FDIC is giving ...