Regulatory Alerts2024-10-11 | 2024-23631Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions; Extension of Comment Period
The Federal Deposit Insurance Corporation extends the comment period for its proposed rule on brokered deposit restrictions until November 21, 2024. The extension applies to regulations targeting less than well-capitalized insured depository institutions, allowing stakeholders additional time to analyze revisions implementing section 29 of the Federal Deposit Insurance Act. This administrative action ensures interested parties can submit substantive feedback before the agency finalizes its regulatory framework for brokered deposits.
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