Joint Press Release: Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Request Additional Information on Bank-Fintech Arrangements

JOINT PRESS RELEASE | SEPTEMBER 13, 2024

Federal Deposit Insurance Corporation
Federal Reserve Board
Office of the Comptroller of the Currency
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Agencies Extend Comment Period on Request for Information on Bank-Fintech Arrangements

The federal bank regulatory agencies announced today that they will extend until October 30, 2024, the comment period on a request for information on bank-fintech arrangements involving banking products and services.  

The agencies are seeking input on the nature and implications of bank-fintech arrangements and effective risk management practices.  Extending the comment period will allow the public more time to consider the request, prepare comments, and address the questions posed by the agencies.

Comments were originally due by September 30, 2024.


ATTACHMENT:

Federal Register Extension Notice (PDF)

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MEDIA CONTACTS: 

FDIC

Carroll Kim

(202) 898-7389

FRB

Meg Nelson

(202) 452-2955

OCC

Stephanie Collins

(202) 649-6870

FDIC: PR-77-2024

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