Federal Register: FDIC Seeks Comment on Brokered Deposits and Interest Rate Restrictions

The FDIC advanced notice of a proposed rulemaking on brokered deposits and interest rate caps applicable to banks that are less than "well capitalized" was published in the Federal Register. Comments must be submitted by May 7, 2019.

As previously covered, the goal of the FDIC's review, in significant part, is to better understand the impact of changes to the financial services industry and changes to the economic environment on interest rate restrictions.

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