Joint Press Release: Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Request Additional Information on Bank-Fintech Arrangements
JOINT PRESS RELEASE | SEPTEMBER 13, 2024
Federal
Deposit Insurance CorporationFederal Reserve BoardOffice of the
Comptroller of the Currency___________________________________________
_____________________
Agencies Extend Comment Period on Request
for Information on Bank-Fintech Arrangements
The federal bank
regulatory agencies announced today that they will extend until
October 30, 2024, the comment period on a request for information on
bank-fintech arrangements involving banking products and services.
The agencies are seeking input on the nature and implications
of bank-fintech arrangements and effective risk management practices.
Extending the comment period will allow the public more time to
consider the request, prepare comments, and address the questions
posed by the agencies.
Comments were originally due by
September 30, 2024.
ATTACHMENT:
Federal Register
Extension Notice (PDF)
###
MEDIA
CONTACTS:
FDIC
Carroll Kim
(202)
898-7389
FRB
Meg Nelson
(202)
452-2955
OCC
Stephanie Collins
(202)
649-6870
FDIC: PR-77-2024
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