The FDIC and the Federal Reserve Board issued a joint letter to a digital asset custodian stating that the firm has been making "false and misleading" statements that customers who have opened accounts benefit from FDIC insurance.
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The FDIC extended the comment period on its proposed "Examination Guidance for Third-Party Lending."
The FDIC requested comments on proposed guidance that would establish compliance measures for FDIC-supervised institutions to follow when relying on a third party to perform a significant aspect of the lending process, such as marketing, originating, servicing or underwriting.