Regulatory Alerts2024-11-20 | 2024-27097Recordkeeping for Custodial Accounts; Extension of Comment Period
The Federal Deposit Insurance Corporation extends the comment period for its proposed rule requiring strengthened recordkeeping for custodial deposit accounts with transactional features. The agency has granted public requests to move the submission deadline from December 2, 2024, to January 16, 2025. This forty-five-day extension allows depository institutions and other stakeholders additional time to analyze the proposal and submit detailed feedback.
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