FDIC Revises Guidelines for Appeals Process on Material Supervisory Determinations

The FDIC adopted revised guidelines for the appeals process on material supervisory determinations.

The guidelines "describe the types of determinations that are eligible for review and the process by which appeals will be considered and decided" by the Supervision Appeals Review Committee ("SARC").

Among other things, the revisions to the guidelines (i) restore the SARC as the final level of review in the appeals process (replacing the Office of Supervisory Appeals), (ii) establish the leadership composition of the SARC, and (iii) revise the submission process to explicitly allow electronic submission of appeals and provide information on how to submit appeals electronically.

The effective date for the revised guidelines was May 17, 2022. The FDIC is seeking comments on the revised guidelines for a comment period of 30 days from the effective date.