Regulatory Alerts2020-01-27 | 2020-01298Incorporation of Existing Statement of Policy Regarding Requests for Participation in the Affairs of an Insured Depository Institution by Convicted Individuals; Extension of Comment Period
The Federal Deposit Insurance Corporation extends the public comment period for its December 16, 2019 proposed rule regarding Section 19 restrictions on convicted individuals participating in the affairs of insured depository institutions. The new deadline for submitting comments is March 16, 2020, providing additional time for stakeholders to address questions concerning the scope of Section 19, relief processes, and expunged criminal records. This extension responds to a public request to ensure adequate opportunity for preparing responses to the FDIC's inquiries about the proposed regulatory changes.
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