FDIC Financial Institution Letters Proposals

Press Release: FDIC Board of Directors Withdraws Four Outstanding Proposed Rules

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The brief below is a reading aid. The original source material and source link remain the governing reference.

Operational Brief

The FDIC Board of Directors has withdrawn four outstanding proposed rules related to brokered deposits, corporate governance, the Change in Bank Control Act (CBCA), and incentive-based compensation arrangements. These proposals were intended to significantly impact various aspects of credit union operations but will not be pursued at this time.

Why It Matters for Texas Credit Unions

The article does not mention Texas, TCUD, or any Texas-specific entities. The rules withdrawn apply to all FDIC-supervised institutions and do not have a specific impact on Texas credit unions.

Who this most likely affects

Bounded site guidance: This item is most likely relevant for boards, executive leadership, and governance owners.

Why this fit: The source language points to governance, management, or supervisory posture rather than a narrow line function.

This is site guidance, not a formal determination. FDIC Financial Institution Letters and the original source material remain the governing reference.

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Original Source Material

PRESS RELEASE | MARCH 3, 2025 FDIC Board of Directors Withdraws Four Outstanding Proposed Rules WASHINGTON – The Federal Deposit Insurance Corporation’s (FDIC) Board of Directors today approved the withdrawal of three outstanding proposed rules relating to brokered deposits, corporate governance, and the Change in Bank Control Act (CBCA).  The FDIC is also withdrawing authority for staff to publish in the Federal Register a proposed rule related to incentive-based compensation arrangements. The brokered deposits proposal was published in the Federal Register on August 23, 2024 and would have significantly disrupted many aspects of the deposit landscape. The corporate governance proposal was published in the Federal Register on October 11, 2023 and would have created a number of overly prescriptive and process-oriented expectations for management and boards of directors of FDIC-supervised institutions with $10 billion or more in total consolidated assets. The proposal related to the CBCA was published in the Federal Register on August 19, 2024 and would have removed an exemption from the requirement to submit a notice to the FDIC for an acquisition of voting securities of a depository institution holding company for which the Federal Reserve reviews a CBCA notice. The proposal related to incentive-based compensation arrangements was approved by the FDIC Board on May 3, 2024, but was never published in the Federal Register . If the FDIC pursues regulatory action on these matters in the future, it will do so by publishing new proposals or other issuances consistent with the Administrative Procedure Act. ATTACHMENTS: Federal Register Notice Financial Institution Letter ### MEDIA CONTACT:  [email protected] The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . STAY CONNECTED