Custodial Accounts news and trends

FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule

November 18, 2024
FDIC
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FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule

November 18, 2024
The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Previously scheduled to end Dec. 2, the comment period now runs through Jan. 16, the FDIC said in a Monday (Nov. 18) press release. “The FDIC has determined that an extension of the […]