Notice2024-21413
Request for Information on Bank-Fintech Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses; Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 19, 2024
Issuing agencies
Treasury DepartmentComptroller of the CurrencyFederal Reserve SystemFederal Deposit Insurance Corporation
Abstract
On July 31, 2024, the Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the "agencies") published in the Federal Register a request for information and comment soliciting input on the nature of bank-fintech arrangements, effective risk management practices regarding bank-fintech arrangements, and the implications of such arrangements, including whether enhancements to existing supervisory guidance may be helpful in addressing risks associated with these arrangements. Public comments were requested by September 30, 2024. The agencies have determined that an extension of the comment period until October 30, 2024, is appropriate.
Full Text
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<title>Federal Register, Volume 89 Issue 182 (Thursday, September 19, 2024)</title>
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[Federal Register Volume 89, Number 182 (Thursday, September 19, 2024)]
[Notices]
[Pages 76913-76915]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-21413]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
[Docket ID OCC-2024-0014]
FEDERAL RESERVE SYSTEM
[Docket No. OP-1836]
FEDERAL DEPOSIT INSURANCE CORPORATION
RIN 3064-ZA43
Request for Information on Bank-Fintech Arrangements Involving
Banking Products and Services Distributed to Consumers and Businesses;
Extension of Comment Period
AGENCY: Office of the Comptroller of the Currency, Treasury; Board of
Governors of the Federal Reserve System; and Federal Deposit Insurance
Corporation.
[[Page 76914]]
ACTION: Request for information and comment; extension of comment
period.
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SUMMARY: On July 31, 2024, the Office of the Comptroller of the
Currency (OCC), Treasury, the Board of Governors of the Federal Reserve
System (Board), and the Federal Deposit Insurance Corporation (FDIC)
(collectively, the ``agencies'') published in the Federal Register a
request for information and comment soliciting input on the nature of
bank-fintech arrangements, effective risk management practices
regarding bank-fintech arrangements, and the implications of such
arrangements, including whether enhancements to existing supervisory
guidance may be helpful in addressing risks associated with these
arrangements. Public comments were requested by September 30, 2024. The
agencies have determined that an extension of the comment period until
October 30, 2024, is appropriate.
DATES: The comment period for the notice that published at 89 FR 61577
(July 31, 2024) is extended. Comments must be received on or before
October 30, 2024.
ADDRESSES: Comments should be directed to:
OCC: Commenters are encouraged to submit comments through the
Federal eRulemaking Portal, if possible. Please use the title ``Request
for Information on Bank-Fintech Arrangements Involving Banking Products
and Services Distributed to Consumers and Businesses'' to facilitate
the organization and distribution of the comments. You may submit
comments by any of the following methods:
<bullet> Federal eRulemaking Portal--<a href="http://Regulations.gov">Regulations.gov</a>: Go to <a href="https://www.regulations.gov">https://www.regulations.gov</a>. Enter ``Docket ID OCC-2024-0014'' in the Search
Box and click ``Search.'' Public comments can be submitted via the
``Comment'' box below the displayed document information or by clicking
on the document title and then clicking the ``Comment'' box on the top-
left side of the screen. For help with submitting effective comments,
please click on ``Commenter's Checklist.'' For assistance with the
<a href="http://Regulations.gov">Regulations.gov</a> site, please call 1-866-498-2945 (toll free) Monday-
Friday, 8:00 a.m. to 7:00 p.m. ET, or email
<a href="/cdn-cgi/l/email-protection#34465153415855405d5b5a475c5158445051475f745347551a535b42"><span class="__cf_email__" data-cfemail="3f4d5a584a535e4b5650514c575a534f5b5a4c547f584c5e11585049">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, 400 7th Street
SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Instructions: You must include ``OCC'' as the agency name and
``Docket ID OCC-2024-0014'' in your comment. In general, the OCC will
enter all comments received into the docket and publish the comments on
the <a href="http://Regulations.gov">Regulations.gov</a> website without change, including any business or
personal information provided such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
You may review comments and other related materials that pertain to
this action by the following method:
<bullet> Viewing Comments Electronically--<a href="http://Regulations.gov">Regulations.gov</a>: Go to
<a href="https://regulations.gov/">https://regulations.gov/</a>. Enter ``Docket ID OCC-2024-0014'' in the
Search Box and click ``Search.'' Click on the ``Dockets'' tab and then
the document's title. After clicking the document's title, click the
``Browse All Comments'' tab. Comments can be viewed and filtered by
clicking on the ``Sort By'' drop-down on the right side of the screen
or the ``Refine Comments Results'' options on the left side of the
screen. Supporting materials can be viewed by clicking on the ``Browse
Documents'' tab. Click on the ``Sort By'' drop-down on the right side
of the screen or the ``Refine Results'' options on the left side of the
screen checking the ``Supporting & Related Materials'' checkbox. For
assistance with the <a href="http://Regulations.gov">Regulations.gov</a> site, please call 1-866-498-2945
(toll free) Monday-Friday, 8:00 a.m. to 7:00 p.m. eastern time (ET), or
email <a href="/cdn-cgi/l/email-protection#deacbbb9abb2bfaab7b1b0adb6bbb2aebabbadb59eb9adbff0b9b1a8"><span class="__cf_email__" data-cfemail="f7859290829b96839e9899849f929b879392849cb7908496d9909881">[email protected]</span></a>.
The docket may be viewed after the close of the comment period in
the same manner as during the comment period.
Board: You may submit comments, identified by Docket No. OP-1836,
by any of the following methods:
<bullet> Agency website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the instructions for submitting comments at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#33415654401d505c5e5e565d4740735556575641525f415640564145561d545c45"><span class="__cf_email__" data-cfemail="fe8c9b998dd09d9193939b908a8dbe989b9a9b8c9f928c9b8d9b8c889bd0999188">[email protected]</span></a>. Include the OMB
number or FR number in the subject line of the message.
<bullet> Fax: (202) 452-3819 or (202) 452-3102.
<bullet> Mail: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St. NW,
Washington, DC 20551.
All public comments are available from the Board's website at
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any confidential
business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room
M-4365A, 2001 C St. NW, Washington, DC 20551, between 9:00 a.m. and
5:00 p.m. on weekdays, except for Federal holidays. For security
reasons, the Board requires that visitors make an appointment to
inspect comments. You may do so by calling (202) 452-3684. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
FDIC: You may submit comments, identified by RIN 3064-ZA43, by any
of the following methods:
<bullet> Agency website: <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>. Follow instructions for
submitting comments on the FDIC's website.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#9ddef2f0f0f8f3e9eeddfbf9f4feb3faf2eb"><span class="__cf_email__" data-cfemail="d99ab6b4b4bcb7adaa99bfbdb0baf7beb6af">[email protected]</span></a>. Include ``Request for
Information on Bank-Fintech Arrangements Involving Banking Products and
Services Distributed to Consumers and Businesses/RIN 3064-ZA43'' in the
subject line of the message.
<bullet> Mail: James P. Sheesley, Assistant Executive Secretary,
Attention: Request for Information on Bank-Fintech Arrangements
Involving Banking Products and Services Distributed to Consumers and
Businesses--RIN 3064-ZA43, Federal Deposit Insurance Corporation, 550
17th Street NW, Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 550 17th Street NW, building (located on F
Street NW) on business days between 7:00 a.m. and 5:00 p.m. ET.
<bullet> Public Inspection: Comments received, including any
personal information provided, may be posted without change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative
[[Page 76915]]
example of identical or substantially identical comments, and in such
cases will generally identify the number of identical or substantially
identical comments represented by the posted example. All comments that
have been redacted, as well as those that have not been posted, that
contain comments on the merits of this notice will be retained in the
public comment file and will be considered as required under all
applicable laws. All comments may be accessible under the Freedom of
Information Act.
FOR FURTHER INFORMATION CONTACT:
OCC: Miriam Bazan, Financial Technology Policy Specialist, or Tracy
Chin, Director for Payment Systems Policy, Bank Supervision Policy
(202) 649-5200; or Beth Knickerbocker, Special Counsel, Micah Cogen,
Counsel, or Graham Bannon, Counsel, Chief Counsel's Office (202) 649-
5490. If you are deaf, hard of hearing, or have a speech disability,
please dial 7-1-1 to access telecommunications relay services.
Board: Kavita Jain, Associate Director, Novel Activities and
Innovation Policy, (202) 452-2062, Jeff Ernst, Manager, Innovation
Policy, (202) 452-2814, or Roman Goldstein, Lead Financial Institution
Policy Analyst, (202) 452-3802, Division of Supervision and Regulation;
Drew Kohan, Associate Director, Program Direction, Division of Consumer
and Community Affairs, (202) 452-3040; Asad Kudiya, Deputy Associate
General Counsel, (202) 475-6358 or Isabel Echarte, Attorney, (202) 452-
2514, Legal Division, Board of Governors of the Federal Reserve System,
20th and C Streets NW, Washington, DC 20551. For the hearing impaired
only, Telecommunication Device for the Deaf (TDD), (202) 263-4869.
FDIC: Rae-Ann Miller, Senior Deputy Director, (202) 898-3898, or
Tom Lyons, Associate Director, (202) 898-6850, Division of Risk
Management Supervision; Luke Brown, Associate Director, (202) 898-3842,
or Meron Wondwosen, Chief, (571) 438-7127, Division of Depositor and
Consumer Protection; Annmarie Boyd, Senior Counsel, (202) 898-3714, or
Vivek Khare, Senior Counsel, (202) 898-6847; FDIC, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: On July 31, 2024, the agencies published in
the Federal Register a request for information and comment soliciting
input on the nature of bank-fintech arrangements, effective risk
management practices regarding bank-fintech arrangements, and the
implications of such arrangements, including whether enhancements to
existing supervisory guidance may be helpful in addressing risks
associated with these arrangements.\1\ The request for information and
comment stated that the comment period would close on September 30,
2024. The agencies have received a request to extend the comment period
for an additional 30 days. After reviewing the request, the agencies
find it appropriate to grant the request and extend the comment period
by an additional 30 days. An extension of the comment period will
provide additional opportunity for the public to consider the request,
prepare comments, and address the questions posed by the agencies.
Therefore, the agencies are extending the end of the comment period
from September 30, 2024, to October 30, 2024.
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\1\ 89 FR 61577 (July 31, 2024).
Michael J. Hsu,
Acting Comptroller of the Currency.
By order of the Board of Governors of the Federal Reserve
System.
Ann E. Misback,
Secretary of the Board.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September 13, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-21413 Filed 9-18-24; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 6714-01-P
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