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. ...
Tag: Brokered deposits
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 ...
Community Banker Calls for Sensible Changes to Outdated Brokered Deposit Rules
As policymakers consider reforms to the three-decade-old brokered deposit rules, they should “think about what the appropriate guardrails are to ...
Nichols Op-Ed: Brokered Deposit Law ‘Woefully Outdated’
While the coronavirus pandemic has accelerated digital banking and deposit-taking, outdated laws stand in the way of a modern regulatory ...
