[Federal Register Volume 89, Number 182 (Thursday, September 19, 2024)]
[Notices]
[Pages 76913-76915]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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--Regulations.gov: Go to https://www.regulations.gov. 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 
Regulations.gov 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 Regulations.gov 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--Regulations.gov: Go to 
https://regulations.gov/. 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 Regulations.gov 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: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
    <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 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx 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: https://www.fdic.gov/resources/regulations/federal-register-publications/. 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 https://www.fdic.gov/resources/regulations/federal-register-publications/. 
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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