Tag Archives: deposit insurance

FDIC Seeks Public Comment on Brokered Deposit Regulations

In a move long sought by ABA, the FDIC today issued an advanced notice of proposed rulemaking on brokered deposits and the national rate cap. ABA has been actively engaged with the FDIC on the need to revise the regulations so that they accommodate modern banking and don’t discourage healthy banks from gathering deposits. Written over 30 years ago, brokered deposit ...

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ABA Recommends Improvements for FDIC Communications

In a comment letter today, ABA urged the FDIC to make its communications more effective, streamlined and clear by distinguishing critical information and eliminating duplication. ABA also recommended that the FDIC update its communications platforms and data reporting — and limit the use of Financial Institution Letters to communicate only important supervisory and regulatory information. These comments were submitted in ...

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ABA Proposes Solutions to Critical Issues with Deposit Recordkeeping Rule

Following a recent meeting with FDIC Chairman Jelena McWilliams, ABA today sent a letter to the FDIC calling on the agency to address three critical issues related to its deposit recordkeeping final rule. The 2016 rule requires banks with more than 2 million deposit accounts to upgrade deposit recordkeeping systems to facilitate determination of FDIC-insured deposits should they fail. As ...

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Burgess to Bankers: ‘Sharpen Your Pencils’

Reflecting on a year that saw many positive legislative and regulatory changes for the banking industry, outgoing ABA Chairman Ken Burgess urged bankers to remain engaged in advocacy as these changes are implemented.

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