FDIC Extends Comment Period Related to its Request for Information on the Deposit Insurance Application Process — 2019-02-12

The Federal Deposit Insurance Corporation (FDIC) has extended the comment period related to the Request for Information (RFI) on the Deposit Insurance Application Process until March 31. The RFI is part of the FDIC’s ongoing efforts to enhance transparency, efficiency, and accountability. "The extended comment period provides more opportunity for those interested in the deposit insurance application process to contribute to our efforts to improve the application process," said Chairman McWilliams. In addition to requesting information regarding any steps the FDIC can take to improve the deposit insurance application process, the RFI solicits information regarding any aspect of the application process that discourages potential applicants from initiating or completing the process. Among other topics, the RFI also solicits comments regarding: • Ways in which the FDIC could or should modify the application process for traditional community banks.