Bank Fintech Partnerships and Brokered Deposits: FDIC Modernizes Brokered Deposits Rule

A growing trend is financial technology (fintech) companies partnering with banks for deposit placement arrangements. FDIC has set forth rules and regulations for these brokered deposits. Click to read about the latest FDIC amendment for brokered deposits and more.

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Related Content        

• Brokered Deposits and Strategic Planning
  Review this practice note to gain insight into brokered deposits and applicable regulatory restrictions. Counsel will find value in the analysis of recent FDIC guidance regarding identification, acceptance, and reporting of brokered deposits by insured depository institutions (IDIs).

• Bank Partnerships with Fintech Companies
  Evaluate the Bank-Fintech partnership model, regulatory and financial considerations, as well as risk implications for banks and fintech companies.

• Regulating Fintech and Emerging Payments Technology
  Utilize this practice note to aid your understanding of state and federal financial laws and regulations applicable to fintech companies partnering with regulated banking institutions. It will also provide concise requirements for developing a compliance risk management framework.

• Federal Deposit Insurance Corporation
  Access this practice note to learn about the role of the FDIC, its function, and authority over IDIs and institutions that go into receivership.

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