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FDIC Launches Brokered Deposit Resource Webpage and ‎Provides Guidance for Expedited Processing of Notices for ‎Designated...

Effective April 1, 2021, the Federal Deposit Insurance Corporation (“FDIC”) launched a “Brokered Deposit” bankers’ resource web page, concurrently with the effective date of its final rule ‎‎(the “Rule”)‎ to modernize the...more

FDIC Issues Final Rule to Modernize Brokered Deposit Regulation and Refines the Primary ‎Purpose Exception

On December 15, 2020, the Federal Deposit Insurance Corporation (“FDIC”) issued a final rule ‎‎(the “Rule”)‎ ‎ to modernize its regulations that implement Section 29 of the Federal Deposit ‎Insurance Act (“FDI Act”). The FDIC...more

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