Regulatory Alerts2019-09-04 | 2019-18360Interest Rate Restrictions on Institutions That Are Less Than Well Capitalized
The Federal Deposit Insurance Corporation proposes revisions to regulations restricting interest rates for less than well capitalized insured depository institutions. The proposal replaces the current national rate calculation with a weighted average based on market share and sets the national rate cap at the higher of the 95th percentile of rates or the national rate plus 75 basis points. Additionally, the rule simplifies local rate cap calculations by allowing these institutions to offer up to 90 percent of the highest local market rate.
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