The Federal Deposit Insurance Corporation (FDIC) is updating its rules of practice and procedure to clarify that certain roles within the agency, previously performed by the Executive Secretary, will now be carried out by appointed Administrative Officers. This change aligns with the longstanding practice of appointing Administrative Law Judges as inferior officers. The update also includes technical revisions to outdated job titles within the FDIC, and these changes do not significantly affect the public or non-agency individuals. The final rule took effect on January 12, 2021, without the need for public comment as it pertains to internal agency procedures.
Simple Explanation
The FDIC updated some of its rules to make sure certain jobs are done by people officially appointed for them, and they also fixed some old job titles to match what people are actually called today. These changes are mostly about how the FDIC is organized and don't change rules for the public.