5 Things Banks Should Know about the FDIC’s Recordkeeping Requirements Rule
Finovate
SEPTEMBER 18, 2024
As a result of this nightmare, the FDIC has advanced a notice of proposed rulemaking for what it is calling Requirements for Custodial Deposit Accounts with Transactional Features and Prompt Payment of Deposit Insurance to Depositors. A large piece of this provides clarity about FDIC insurance.
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