FDIC Requests Information on Improving Communication with Banks and Other Stakeholders — 2018-10-01

The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking comment on how the agency can maximize efficiency and minimize burden when communicating information to insured depository institutions, consumers, and others about laws, rules, and related matters. The request is part of Chairman Jelena McWilliams’ initiative to enhance transparency and accountability at the agency by improving communication between the FDIC, the public, and the banking industry. “Providing information to depositors, consumers, bankers, and other stakeholders is vital for them to better understand the agency’s policies, procedures, and regulations. At times the amount of information disseminated can create burdensome challenges for insured depository institutions, especially community banks. To that end, we are seeking input on how the FDIC can improve the way it communicates,” said Chairman McWilliams.