Banking regulators extend comment period on bank-fintech relationships
September 20, 2024
On September 13, the Fed, OCC and the FDIC (the agencies) released a notice extending the comment period of their request for information regarding bank-fintech arrangements by one month. The notice extends the original deadline to October 30. As previously covered by InfoBytes, the agencies sought feedback on bank-fintech arrangements, effective risk management practices for these arrangements, and whether enhancements to existing supervision are needed.