Topic
Brokered Deposits
20 published works
Consumer Finance Monitor
FDIC withdraws brokered deposits proposed rule
By John L. Culhane, Jr., Joseph J. Schuster, Scott A. Coleman
Saying that its proposed brokered deposits rule would have “significantly disrupted many aspects of the deposit landscape,” the FDIC has withdrawn the proposal. The agency said that it no longer…
Consumer Finance and Fintech Blog
FDIC Withdraws Proposed Rule on Brokered Deposits
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On March 3, the FDIC announced the withdrawal of its proposed rule on brokered deposits, citing concerns regarding potential disruptions to the financial sector. This move follows significant pushback from industry…
Global Fintech & Digital Assets Blog
FDIC Proposes to Revise Brokered Deposit Regulations
The proposal would make key changes to the definition of “deposit broker” with significant ramifications for banks, fintechs, bank-fintech partnerships, and other third parties in the financial services industry. By…
Consumer Finance Monitor
Trade Groups Call on FDIC to Withdraw Brokered Deposit NPRM
By Scott A. Coleman, Joseph J. Schuster, John L. Culhane, Jr., Alan S. Kaplinsky
A group of 11 financial services associations is calling on the FDIC to withdraw its notice of proposed rulemaking intended to strengthen the prudential protections of the agency’s safety and…
The CLS Blue Sky Blog
Debevoise Discusses Proposed FDIC Regulations on Brokered Deposits
By Gregory J. Lyons, Chen Xu, Tejas N. Dave, Alexandra N. Mogul
On July 30, 2024, on a party line 3-2 vote of its Board of Directors, the Federal Deposit Insurance Corporation (the “FDIC”) approved a Notice of Proposed Rulemaking[1] (the “Proposal”…
Free Writings + Perspectives
Podcast: Regulatory Redux: FDIC Proposes Brokered Deposit Revisions
By Matthew Bisanz, Jeffrey P. Taft
On July 30, 2024, the FDIC proposed revisions to the restrictions on brokered deposits. The revisions would undo many of the key elements of the 2020 revisions and would dramatically…
Free Writings + Perspectives
The Pendulum Swings Back: FDIC Proposes Changes to Brokered Deposits Restrictions
By Matthew Bisanz, Jeffrey P. Taft, Anna T. Pinedo, Andrew J. Olmem, Kimberly Hamm, Bradley Berman
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed revisions to the restrictions on brokered deposits (the “Proposal”). The Proposal is intended to strengthen the restrictions to reflect…
Consumer Finance Monitor
FDIC Proposes Revisions to Brokered Deposits Rule
By Scott A. Coleman, John L. Culhane, Jr., Joseph J. Schuster
The FDIC board on July 30 approved a notice of proposed rulemaking intended to strengthen the prudential protections of the agency’s safety and soundness rule for brokered deposits (12 CFR…
Iowa Banking Law Blog
Community Bank Alert: FDIC’s Brokered Deposit Rule
By dgonzalesdickinsonlaw-com-dickinson-mackaman-t
The Federal Deposit Insurance Corporation (FDIC) recently amended the Brokered Deposit Rule in order to clarify the deposit broker definition while simultaneously incorporating several previous FDIC staff interpretations. The new…
Consumer Finance Monitor
FDIC announces new resources for brokered deposits regulation
On April 1, 2021, the FDIC’s final rule issued in December 2020 revising its brokered deposits regulation became effective. The full compliance date for the final rule is January 1,…