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Wednesday, June 19, 2013

FDIC Seeks OMB Approval for Continuation of Insurance Sales Consumer Protections

By: ABIA Outside Counsel Chrys Lemon and Adam Maarec, McIntyre & Lemon, PLLC

The Federal Deposit Insurance Corporation (FDIC) is seeking continued authorization to require state member banks engaged in the business of insurance to comply with its insurance sales disclosure and acknowledgments requirements. Comments on whether the disclosures are still necessary, ways to improve the disclosures, and ways to minimize their burden are due August 19, 2013.

Read the Federal Register announcement.
Get help on writing a comment letter.

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