WBK Industry News - Federal Regulatory Developments

FDIC Seeks Information on Improving Communications

The FDIC issued a Request for Information (RFI) seeking information on the FDIC’s communication methods and related initiatives to promote efficiency and increase transparency. The purpose of this RFI is to assist banks and other stakeholders stay current on relevant communications about FDIC laws, regulations, policies, and other materials relevant to insured depository institutions (IDIs).

The RFI identifies various topics and is seeking comments that specifically relate to:

  • How effective are the FDIC’s current forms of communication? Which methods are the most and least effective? Are there other methods of communication the FDIC should consider?
  • Is it clear to IDIs which communication is supervisory in nature and which is purely informational?
  • How appropriate is the timing and frequency of communication?
  • Is FDIC information readily available and easy to find? If not, how can the FDIC make it easier to receive and find information?
  • How can the FDIC improve the FDIC.gov website?
  • Which types of communication are best suited for informing IDIs about new policy initiatives, new laws and regulations, new guidance, new background or educational materials, news and other updates?

Comments are due December 4, 2018.

The RFI is available here.