Regulatory Alerts2021-06-23 | 2021-12972Statement of Policy Regarding Minority Depository Institutions
The Federal Deposit Insurance Corporation issues a final Statement of Policy that updates its regulatory framework for Minority Depository Institutions (MDIs) to preserve and promote minority-owned financial entities. The revised policy clarifies that technical assistance and outreach do not constitute supervisory activities or impose additional regulatory burden, while explicitly incorporating national and state banking trade associations into engagement efforts. Additionally, the FDIC establishes updated definitions, reporting requirements, and examination rating systems to measure program effectiveness and ensure consistent oversight of MDIs.
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