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Reported Oct 2, 2026Quickanomics write-up updated Oct 11, 2026, version 52 min read
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Comments on the Fed’s proposal are now due November 4; the proposed rules remain under consultation.
The Federal Reserve has moved the comment deadline for its proposed changes to November 4, giving respondents additional time to consider the bank proposal.
The previous deadline was October 5. The extension, announced on October 2, changes the period in which interested parties can submit analysis and objections. It does not finalise the proposal or alter the status of the proposed requirements.
The distinction is relevant for institutions preparing a response. The new date governs submissions to the consultation, rather than an implementation deadline for a completed rule.
concerns bank credit to executives, directors and major shareholders. Those borrowers occupy positions that can influence lending decisions, creating a reason for to receive specific regulatory attention.
The Fed describes its proposal as modernising that framework. A complete assessment of a particular proposed change would require the underlying rulemaking text; the extension notice supplies the procedural update and additional analysis time.
Credit to an insider and an ordinary loan can involve the same financial instrument, while differing in the borrower’s relationship to the institution. addresses that relationship and the influence associated with it.
Interested parties now have until November 4 to submit their comments. The substance of any final changes remains dependent on the rulemaking process after consultation.