WASHINGTON—Federal bank regulatory agencies—FDIC, Federal Reserve and OCC—announced they will extend until Oct. 30, 2024, the comment period on a request for information on bank-fintech arrangements involving banking products and services.
The agencies are seeking input on the nature and implications of bank-fintech arrangements and effective risk management practices. Extending the comment period will allow the public more time to consider the request, prepare comments, and address the questions posed by the agencies.
Comments were originally due by Sept. 30, 2024.