25 Mar 2025
📊FDIC Notice on Proposed Information Collection Renewal for Banks
Agency Information Collection Activities: Proposed Collection Renewal; Comment Request
Summary
The FDIC, as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on the renewal of the existing information collections described below (OMB Control No. 3064-0095 and -0218).
Agencies
- Federal Deposit Insurance Corporation
Business Impact
$$$ - High
The content discusses compliance and regulatory requirements for insured state nonmember banks under the Bank Protection Act and Bank Secrecy Act. Business owners and executives in the banking sector must pay attention to these regulatory obligations, as failing to comply could result in legal repercussions and financial penalties.