Banking and Finance Law Daily Wrap Up, PRUDENTIAL REGULATION—FDIC extends comment period for its information disclosure proposal, (Aug 27, 2026)
The proposal would let insured depository institutions share confidential supervisory information with affiliates and certain other entities for appropriate business purposes without prior agency approval.
The Federal Deposit Insurance Corporation has extended the public comment period for its proposed “Disclosure of Information” rule from Aug. 31 to Oct. 5, 2026. The agency said the additional time will allow interested parties to analyze the proposal and prepare comments.
The proposal, published in the Federal Register on June 30, 2026, would let insured depository institutions share confidential supervisory information with affiliates and certain other entities for appropriate business purposes without seeking FDIC authorization (see Banking and Finance Law Daily, June 26, 2026). According to the FDIC, the proposal will allow faster access to information needed by counsel, auditors, service providers, merger counterparties, and senior-executive candidates while keeping confidentiality safeguards in place.
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