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Comments due on FDIC RFI on applications process


NOTICE: On 2/12/19, the FDIC extended the comment period on this RFI to end 3/31/2019

The FDIC has announced multiple initiatives and resources related to applications for deposit insurance for organizers of new, or de novo, banks, and to promote a more transparent, streamlined and accountable process for all applications submitted to the agency. As part of the initiatives, the FDIC is seeking comment from interested parties on all aspects of the deposit insurance application process. Through a Request for Information (RFI), the FDIC is soliciting feedback on a number of topics, including ways in which the FDIC could or should support the continuing evolution of emerging technology and Fintech companies; aspects of the application process that may discourage potential applications; possible changes to the application process for traditional community bank proposals; and other suggestions for improving the effectiveness, efficiency, or transparency of the application process. The RFI also solicits comments to address any other matters of interest or concern to affected stakeholders. Comments on the RFI will be due sixty days from publication in the Federal Register. The resources listed in the press release were:

UPDATE: The RFI was published at 83 FR 63868 on 12/12/2018, with comments due by 2/11/2019.

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