Financial Services Advisory: FDIC Proposes Rule to Revise Brokered Deposit Regulations and Issues Request for Information on Deposit Data

In a proposed rule and information request, the Federal Deposit Insurance Corporation expressed its concerns with the current brokered deposit restrictions and reporting requirements. Our Financial Services Team zeroes in on what insured depository institutions should know.

Through joint guidance and an information request, federal bank regulators underscored banks’ compliance responsibilities in their banking-as-a-service (BaaS) relationships with third parties. Our Financial Services Team unpacks what financial institutions and their counterparties need to know about navigating this evolving BaaS regulatory terrain.

Executive Summary 12 Minute Read Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our Financial Services and Antitrust teams highlight what banks considering mergers should know about the changes. Bank […]

The post Financial Services / Antitrust Advisory: FDIC, OCC, and DOJ Update Guidance on Bank Merger Evaluations appeared first on Of Interest.

Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our Financial Services and Antitrust teams highlight what banks considering mergers should know about the changes.

Our Financial Services Team studies the Federal Deposit Insurance Corporation’s plans to require insured depository institutions (IDIs) to keep specific records so that they know the actual owner of deposits placed by fintechs and BaaS providers.