A recent letter was sent from the ICANN, by the Registry Services and Engagement Director, to Craig Schwartz in charge of the .BANK and .INSURANCE new gTLDs.
Removal of Eligibility VerificationThe letter is entitled "Removal of Eligibility Verification for gTLD: .bank and .insurance for RSEP ID: [#879030]" but it appears that the content is not exactly about this.
A misleading title
It appears that the title of the letter is misleading and in fact, the two registries are not removing eligibility verification. The registries of these two restrictive TLDs, are considering a change in how verification is performed.
Read the letter here.