Partners Brad Rustin and Craig Nazzaro along with associates Marianna McDevitt and Lashania White give an update on the developments following the July webinar, "Brokered Deposits Best Practices for Bank Fintech Partnerships." This presentation provides a review of the Federal Deposit Insurance Corporation’s request for comment on proposed revisions to the brokered deposit rule and the associated impacts including the “primary purpose” exception, changes to the notice and application process for the primary purpose exception, as well as exclusivity.
Thursday, Aug. 29, 2024
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