FDIC Extends Comment Period for FDIC Deposit Insurance Application Process Proposal

On February 12, 2019, the FDIC extended the comment period related to the Request for Information (RFI) on the Deposit Insurance Application Process from February 11, 2019, to March 31, 2019.  The Financial Institution Letter (FIL-7-2019) announcing this extension can be found here.

An interesting note on this is that the original comment period for this RFI ended on February 11, 2019.  Upon reviewing the comments received on the FDIC’s website, it appears that only ten (10) comments have been received as of the date of the writing of this article.  Therefore, it appears that the FDIC has extended the comment period in hopes of obtaining more comments on this topic.

Comments on the RFI can be submitted (and read) here.

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