ABA, associations: Proposed brokered deposit rule violates law and should be withdrawn
An FDIC proposal to expand the definition of brokered deposits not only fails to justify the reason for the change, ...
Tag: Brokered deposits
FDIC extends comment period for proposed brokered deposit rule
The FDIC has extended by 30 days the public comment period for its proposal to expand the definition of “deposit ...
Podcast: A Canadian bank’s versatile business model
Earlier this week, VersaBank closed on a deal giving the Canadian point-of-sale lender a point of entry into the U.S. ...
ABA, associations: Brokered deposits proposal moving forward without enough time, data for review
An FDIC proposal to expand the definition of “deposit broker” would significantly alter the agency’s brokered deposit regulatory framework and ...
FDIC proposes expansion of deposit broker definition
The FDIC will issue a proposed rule that would expand the definition of “deposit broker” to capture many deposit placement ...
FDIC’s Hill wary of possible collateral requirement for discount window
A possible proposal to require some banks using the Federal Reserve’s discount window to post collateral equivalent to a large ...
FDIC Releases New FAQs, Designated Exception on Brokered Deposits
The FDIC this week released three new frequently asked questions on its brokered deposits rule, which took effect in April ...
FDIC Unveils Resource Page on Brokered Deposits, National Rate Cap
With the FDIC’s new rules on brokered deposits and interest rate restrictions now in effect, the agency this week unveiled ...
FDIC Finalizes Changes to Brokered Deposit Rules
The FDIC today finalized long-awaited changes to modernize its existing brokered deposit rules and foster greater innovation by financial institutions.
McWilliams: FDIC Pursuing Interagency Approach on CRA
The FDIC would like to see a consistent interagency approach to Community Reinvestment Act rules, FDIC Chairman Jelena McWilliams said ...
