The Federal Deposit Insurance Corporation (FDIC) is asking the public and other federal agencies to comment on the renewal of certain information collections as part of their responsibilities under the Paperwork Reduction Act of 1995. These collections include the process for State savings banks to convert to stock form, notification procedures for unauthorized access to customer information, and guidelines for ensuring the accuracy of information provided to consumer reporting agencies. Comments can be submitted by email, mail, or hand delivery until May 5, 2025, and will help the FDIC manage these processes more effectively.
Simple Explanation
The FDIC is asking people to help them by commenting on some rules about how banks and customer information should be handled. People can tell them their thoughts through email or mail until May 5, 2025, to help them do a better job.