foreign exchange

FDIC Proposed Rule on Retail Forex Transactions

On May 12, the FDIC proposed a rule to adopt requirements for FDIC-supervised institutions that engage in foreign exchange transactions with retail customers under Section 742 of the Dodd-Frank Act. The proposed rule enhances margin requirements and consumer protection through disclosure requirements and other elements. Comments must be received within 30 days after publication in the Federal Register. FDIC Release. Proposed Rule.