Regulatory Alerts2020-09-25 | 2020-18816Added · Updated
Statement of Policy Regarding Minority Depository Institutions
The Federal Deposit Insurance Corporation proposes revisions to its Statement of Policy Regarding Minority Depository Institutions to update, strengthen, and clarify agency procedures. The proposed changes establish new definitions for technical assistance, training, and outreach while mandating the measurement of program effectiveness through feedback and surveys. Additionally, the revisions clarify that seeking technical assistance will not negatively impact supervisory ratings and formalize the role of the MDI Subcommittee in providing strategic feedback.
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