By Rodgin Cohen, Michael Escue and Amy Dreisiger ( October 15, 2024, 11:57 AM EDT) -- On July 30, the board of directors of the Federal Deposit Insurance Corp. held an open meeting[1] to consider two proposals relating to the Change in Bank Control Act of 1978, or the CIBCA. The FDIC board voted 3 to 2 (with Vice Chairman Travis Hill and Director Jonathan McKernan dissenting) to adopt one of the proposals, issuing a notice of proposed rulemaking[2] to amend the FDIC's regulations under the CIBCA....
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