ABA Calls for Legislative Fix to Brokered Deposit Rules
Current laws and regulation related to brokered deposits—which were enacted three decades ago—are in “urgent need of modernization to ensure ...
Tag: Brokered deposits
McWilliams: FDIC Guidance Forthcoming on AI, Machine Learning
The FDIC is in the process of developing guidance for financial institutions on artificial intelligence and machine learning, FDIC Chairman ...
ABA Urges Narrower Definition of ‘Deposit Broker,’ Changes to National Rate Cap
In a comment letter to the FDIC today, ABA advocated for updates to the agency’s outdated and overly broad brokered ...
ABA, State Associations Raise Concerns About National Rate Cap in Letter to FDIC
The American Bankers Association joined a group of 51 state bankers associations in a letter to FDIC Chairman Jelena McWilliams ...
Legal Analysis Finds FDIC Has Broad Authority on Brokered Deposits
The FDIC has “ample existing authority” to address the regulation of brokered deposits, according to a legal analysis by law ...
ABA Op-Ed Calls on Congress, FDIC to Revisit Brokered Deposit Rules
In an American Banker op-ed today, the American Bankers Association called on Congress and the FDIC to reconsider existing brokered ...
ABA Supports FDIC’s Reopening of Brokered Deposit Rules
In a comment letter to the FDIC today, the American Bankers Association offered support for a recent proposal to implement ...
Financial Services Committee Approves ABA-Backed Bills
The House Financial Services Committee today approved several financial services bills, including two supported by the American Bankers Association.v
FDIC Seeks Comment on the Treatment of Reciprocal Deposits
The FDIC today issued a request for comment on a proposed rule to implement Section 202 of S. 2155, the ...
