The Federal Deposit Insurance Corp. has become the first federal banking regulator to issue safety and soundness examination procedures for electronic banking.

Thursday, the FDIC began mailing copies of its new requirements to its 2,000 examiners, who will begin training Feb. 10. By May, the 6,395 state banks that do not belong to the Federal Reserve System will begin to be evaluated under the new guidelines.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.