Bankowość · 30/12/1996

Suspension and Exclusion of Contractors and Termination of Contracts

The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule to suspend and exclude contractors and terminate contracts, following the Federal Deposit Insurance Act (FDI Act) and its own regulation published in the Federal Register on June 6, 1996. The rule aims to address contractors who have violated conflict of interest regulations or failed to meet minimum standards of competence, experience, and integrity.