FDIC Extends Comment Period for Proposed Rule on Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors

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Date: 18th Nov, 2024 Source: Federal Deposit Insurance Corporation Country: USA Original Source

Brief

The FDIC has extended the comment period for its proposed rule on Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors from December 2, 2024, to January 16, 2025. This rule aims to strengthen recordkeeping requirements for custodial accounts to ensure timely deposit insurance payments in the event of bank failure.

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Federal Deposit Insurance Corporation

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FDIC Extends Comment Period for Proposed Rule on Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors

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FDIC Extends Comment Period for Proposed Rule on Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors

Brief

Federal Deposit Insurance Corporation

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