The Federal Deposit Insurance Corporation has extended the public comment deadline on its proposed bank insider lending changes to November 4, 2026, from October 5. The notice, dated October 6 and published October 9, says the extension gives interested parties more time to analyze the proposal and prepare comments.
What is under review
The proposal was published August 6. It concerns credit that FDIC-supervised institutions extend to their insiders. The proposal's background identifies insiders as executive officers, directors, principal shareholders and their related interests.
Two proposed changes involve dollar limits. For certain loans to executive officers not otherwise specifically authorized, the dollar ceiling would rise from $100,000 to $400,000. For insider credit requiring prior board approval, the dollar threshold would rise from $500,000 to $2 million.
Those figures do not stand alone. The proposal would retain limits tied to the institution's unimpaired capital and surplus: 2.5 percent for the specified executive-officer loans and 5 percent for the board-approval threshold. In each case, the proposed threshold would use the lower of the percentage-based amount and the relevant dollar amount. It would also remove the existing $25,000 floor.
The FDIC proposes updating the dollar amounts every five years using nominal gross domestic product, a measure that includes economic growth and price changes. These are features of the August proposal, not new lending permissions issued today.
How to respond
The extension identifies the rulemaking as RIN 3064-AG26. Comments must be received on or before November 4. The notice lists submission options through the FDIC's federal-register publications website, email, mail and hand delivery.
The agency warns that comments, including personal information supplied by a commenter, may be posted without change. It tells commenters to submit only information they wish to make public.
What changed today
The new document changes the opportunity to comment. Its action line identifies it as an extension of a proposed rulemaking's comment period. It neither finalizes the August proposal nor states an effective date for higher lending thresholds.