Finance & markets · 27/01/2020

FDIC Extends Comment Period for Revised Regulations on Convicted Individuals Participating in Depository Institutions

The Federal Deposit Insurance Corporation (FDIC) has extended the comment period for proposed regulations requiring prior written consent from individuals convicted of certain crimes to participate in depository institution affairs until March 16, 2020, following the December 16, 2019, publication of a Notice of Proposed Rulemaking in the Federal Register.