Thank you to all who participated in the Understanding the FDIC’s Updated Brokered Deposit Rules webinar hosted by Wolf & Company, P.C. If you were unable to attend the webinar you can click here to download a copy of the presentation or click here to view the video.
The Federal Deposit Insurance Corporation (FDIC) has updated its brokered deposit rules in an effort to modernize and accommodate fintech partnerships. In the webinar, Understanding the FDIC’s Updated Brokered Deposit Rules, you’ll get an in-depth look at this new framework and how it impacts your organization. During this webinar, industry experts from Reich & Tang and Wolf & Company, P.C. discuss the recent changes to the rules, exemption requirements, and crucial implementation and sunset dates to be aware of.
- The difference between entities “engaged in the business of placing deposits” and those that “facilitate” the placement of deposits
- The interaction of these rules with the limited exception available for reciprocal deposits
- Triggers to consider when facilitating the placement of deposits
- Various business relationships that do and don’t require FDIC notification