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MoFo Reenforcement The Enforcement Blog

Tag Archives: broker dealer

FDIC Brokered Deposits Final Rule: Key Aspects for Broker Dealers

Posted in Regulatory Developments

On January 22, 2021, the Federal Deposit Insurance Corporation (“FDIC”) published its final rule (“Final Rule”) revising and modernizing its regulations related to brokered deposits and the interest rate restrictions that apply to insured depository institutions (“IDIs”) that are less than well capitalized. Under Section 29 of the Federal Deposit Insurance Act, certain IDIs that are not… Read More