ICBA published a grassroots guide to help community bankers submit unique comment letters on the FDIC’s notice of proposed rulemaking on brokered deposit restrictions.
About the Proposal: The FDIC invited comments on proposed revisions to its regulations relating to the brokered deposits restrictions that apply to less-than-well-capitalized insured depository institutions. Although the FDIC finalized revisions to its brokered deposits regulations in 2020, the agency now proposes to reverse significant aspects of the 2020 framework.
ICBA Guide: ICBA’s grassroots guide offers details on the proposal, sample responses to various issues raised by the proposal, and instructions on submitting comments.
Deadline: Comments are due Thursday, Nov. 21.