- FDIC Proposes Deposit Insurance Recordkeeping Rule for Banks ...🔍
- Proposed Rules🔍
- Supervision and Policy Updates🔍
- FDIC Proposes New Rule to Strengthen Recordkeeping for Third ...🔍
- FDIC Proposes New Requirements for Custodial Accounts🔍
- FDIC Proposes Rulemaking on Custodial Deposit Accounts in Wake ...🔍
- FDIC Publishes Proposed Rule on Recordkeeping for Third|Party ...🔍
- FDIC Proposes Rule to Establish Custodial Account Recordkeeping ...🔍
FDIC Publishes Proposed Rule on Recordkeeping for Third|Party ...
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 ...
Specifically, if an IDI fails, and it has an arrangement with a third party where custodial deposit account recordkeeping is inadequate or ...
Supervision and Policy Updates | FDIC Advisory Committee on ...
Non-bank. Third Party. The proposed rule would permit a bank to maintain the records through a third party, provided that certain conditions.
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 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 Rulemaking on Custodial Deposit Accounts in Wake ...
The Proposed Rule would allow the required records to be maintained by the IDI through a third party if certain requirements are satisfied.
FDIC Publishes Proposed Rule on Recordkeeping for Third-Party ...
The proposed rule was published in the Federal Register and the FDIC is accepting public comments until December 2, 2024.
FDIC Proposes Rule to Establish Custodial Account Recordkeeping ...
IDIs would be required to implement internal controls over the covered accounts · IDIs would be permitted to contract with a third party to ...
Burdensome Proposed FDIC FBO Account Rules Loom Large for ...
Either the bank or a third party may conduct the proper record keeping under the Proposed Rule. However, if record keeping is done through a ...
Requirements for Custodial Deposit Accounts with Transactional ...
The FDIC Board is considering today a proposed rule that would strengthen the recordkeeping requirements for FDIC-insured depository institutions.
FDIC Proposed Recordkeeping Rule for Custodial Deposit Accounts
These records may be maintained by the IDI or “through a third party, including but not limited to any vendor, software provider, service ...
FDIC Issues Notice of Proposed Regulations for Enhanced ...
On September 17, 2024, the FDIC board approved a notice of proposed rulemaking that would increase recordkeeping obligations for bank ...
FDIC Proposes Stricter Record-Keeping Rules for Fintech ...
The Federal Deposit Insurance Corporation (FDIC) proposed a new rule aimed at addressing risks associated with fintech partnerships.
146168 (HOLA)). The proposed rule would implement the statutory requirements for FDIC, FRB, and OCC-regulated institutions to provide notification of certain ...
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 ...
FDIC Proposes New Recordkeeping Rules for Bank-Fintech Accounts
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 ...
Report: FDIC considering recordkeeping requirements for bank ...
The FDIC is drafting a proposed rule to require banks to maintain ledgers of “for benefit of” accounts opened by financial technology companies.
FDIC Proposes New Recordkeeping Requirements for Custodial ...
The bank would be required to have direct, continuous, and unrestricted access to records maintained by the third party in the FDIC-prescribed ...
Notice of Proposed Rulemaking on Custodial Deposit Accounts with ...
If an IDI has an arrangement with a third party where custodial deposit account recordkeeping is inadequate or unreliable, this would impede the ...
FDIC Proposes Deposit Insurance Recordkeeping Rule for Banks' Third-Party Accounts ... FDIC Publishes 2024 Risk Review. May 20, 2024, Statement by FDIC ...