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Viewing posts in "Bank & Holding Company Capital".

FDIC Provides Some Clarity on Brokered Deposits

The FDIC recently issued its new final rule on the definition of “deposit broker” and “brokered deposit”. With PPP and other issues facing banks, it’s easy enough to not pay attention to this rule. The final rule will take effect on April 1, 2021, with some delayed compliance permitted to January 1, 2022.