CFPB Seeks Comments on Non-Insured Bank Notices
Published Date: 2/24/2026
Notice
Summary
The Consumer Financial Protection Bureau is asking for public comments to extend a rule that requires banks without federal deposit insurance to clearly tell customers about it. This affects about 167 businesses and keeps important info transparent without adding new costs. Comments are due by March 26, 2026, so don’t miss your chance to weigh in!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Paperwork Burden on Uninsured Institutions
The information-collection extension affects about 167 private-sector businesses (depository institutions lacking federal deposit insurance) and the CFPB estimates a total annual burden of 4,609 hours. The notice seeks to renew existing collection approval (OMB Control Number 3170-0062).
Existing Uninsured-Deposit Disclosures Continue
The CFPB is seeking OMB approval to extend Regulation I (12 CFR part 1009), which requires depository institutions lacking Federal deposit insurance to disclose that fact in periodic statements, account records, locations where deposits are received, and advertising. This extension keeps those disclosure requirements in place without changing them.
No New Information Collections Proposed
The CFPB states it is not proposing any new or revised collections of information as part of this request; this is a routine renewal of an existing OMB approval. That means the agency is not adding new kinds of paperwork requirements in this notice.
Depositor Written Acknowledgment Requirement
Regulation I requires depository institutions lacking federal deposit insurance to obtain a written acknowledgment from depositors about the institution's lack of Federal deposit insurance. Deposit customers at those institutions will be asked to give that written acknowledgment.
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