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FDIC Extends Comment Period for Proposed Changes to Brokered Deposit Regulations

Yesterday, the Federal Deposit Insurance Corporation (FDIC) announced an extension of the comment period for its notice of proposed rulemaking (NPR) aimed at revising the 2020 Brokered Deposit Rule. To ensure that all...more

Where the F(BO) is the Money? Part 2 — Adopting the Right Lessons from Synapse

This is the second of three articles focused on a key question: as bank-fintech partnerships continue to play a vital role in driving financial services, how does the industry make this system safer and better?...more

Where the F(BO) Is the Money? Part 1 – Synapse’s Clarion Call for Standards

This is the first of three articles focused on a key question: as bank-fintech partnerships continue to play a vital role in driving financial services, how does the industry make this system safer and better?...more

Turning Back the Clock: FDIC Proposes Significant Changes to 2020 Brokered Deposit Rule

On July 30, 2024, the FDIC proposed substantive changes to the 2020 Brokered Deposit Rule (2020 Rule) that, if finalized, could meaningfully impact a wide group of bank and nonbank stakeholders who rely on the current rule’s...more

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