FDIC Extends Comment Period on Third-Party Lending Guidance — 2016-08-04

The Federal Deposit Insurance Corporation (FDIC) is extending the comment period for proposed guidance on third-party lending. Comments on the proposed guidance, which was published on July 29, now must be received on or before October 27. The 45-day extension was made in response to requests from interested parties who asked for additional time to consider the proposal. The proposed third-party lending guidance outlines the risks that may be associated with third- party lending as well as the expectations for a risk-management program, supervisory considerations, and examination procedures related to third-party lending. Attachment: Examination Guidance for Third-Party Lending Examination Guidance for Third-Party Lending As of July 29, 2016 Third-party lending arrangements may provide institutions with the ability to supplement, enhance, or expedite lending services for their customers. Engaging in third-party lending arrangements may also enable institutions to lower costs of delivering credit products and to achieve strategic or profitability goals.