ABA Urges FDIC to Withdraw Brokered Deposit Proposal
November 22, 2024
November 22, 2024
WASHINGTON, Nov. 22 -- The American Bankers Association issued the following news release on Nov. 21, 2024:
In a comment letter submitted today to the FDIC, the American Bankers Association called on the agency to withdraw proposed revisions to regulations concerning brokered deposits to avoid harming banks of all sizes and the customers they serve. The ABA letter argues that the proposal does not meet the legal standards required for rulemaking under the Administrative Procedure Ac . . .
In a comment letter submitted today to the FDIC, the American Bankers Association called on the agency to withdraw proposed revisions to regulations concerning brokered deposits to avoid harming banks of all sizes and the customers they serve. The ABA letter argues that the proposal does not meet the legal standards required for rulemaking under the Administrative Procedure Ac . . .