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Financial Education Programs That Include the Provision of Bank Products and Services

FDIC · final-rule · Published 2008-09-25 · Effective 2008-09-25 · 73 FR 55431

Document

Document number
E8-22326
Federal Register citation
73 FR 55431
CFR reference
12 CFR 303
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2008-09-25
Effective date
2008-09-25

Abstract

The Federal Deposit Insurance Corporation (FDIC) is amending its regulations to permit state nonmember banks to participate or assist in certain financial education programs conducted on school premises where, in connection with the program, deposits are received, checks are paid, or money is lent, without the need to submit a branch application to, and receive prior approval from, the FDIC. However, any state nonmember bank that desires to engage in such financial education programs must satisfy certain conditions in order for the exemption to apply.

Source

Authoritative
Federal Register document
Machine
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