Bankowość · 09/11/2006

FDIC Adopts Final Rule on Penalties for Failure to Timely Pay Assessments

The Federal Deposit Insurance Corporation (FDIC) has adopted its final rule amending regulations concerning penalties for failure to pay assessments, aligning with the provisions of the 2005 Federal Deposit Insurance Reform Act (FDI Act). The rule sets penalties of up to 1% of the assessment per day, with exceptions for disputes and smaller assessment amounts.