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FDIC Announces Extension of Comment Period for Deposit Insurance Recordkeeping Rule for Banks’ Third-Party Accounts

News Financial services Consultations
Date: 18th Nov, 2024 Source: Federal Deposit Insurance Corporation Country: USA Original Source

Brief

"On January 16, 2025, the Federal Deposit Insurance Corporation (FDIC) must receive public comments on its proposed rule to strengthen recordkeeping for bank deposits received from third-party companies. The proposal aims to protect depositors and promote confidence in insured deposits by requiring accurate account records to determine individual owners of funds."

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Federal Deposit Insurance Corporation

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