Breakdown of FDIC proposed custodial accounts recordkeeping

Breakdown of FDIC proposed custodial accounts recordkeeping

In this episode, we break down the FDIC's Notice of Proposed Rulemaking (NPR) 12 CFR Part 375 "Recordkeeping for Custodial Accounts" and explain it in plain language: what this new rule means for banks, fintechs, and consumers. We'll talk about what compliance looks like, including reporting, recordkeeping, reconciliation and vendor management. Episode sponsored by Reconciled.fi [https://reconciled.fi]