FDIC Seeks Comment on Third-Party Lending Guidance

The Federal Deposit Insurance Corporation (FDIC) recentlyannounced that they are seeking comments to proposed guidance regarding third-party lending. The proposed third-party lending guidance outlines the risks that may be associated with third-party lending as well as the expectations for a risk-management program, supervisory considerations, and examination procedures related to third-party lending. The comment period for this proposal has been extended to October 27, 2016.

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