AmBA to Bankers: Urge Congress to Modernize Brokered Deposit Rules
June 26, 2020
ABA issued a grassroots alert yesterday urging bankers to contact their members of Congress in support of modernized brokered deposit rules. With today's brokered deposit regulations more than three decades old, the rules are out of sync with today's technological and economic environment.
Using ABA's Secure American Opportunity grassroots platform, bankers can urge their senators and representatives to replace Section 29 of the Federal Deposit Insurance Act so that healthy banks are not penalized for using modern bank funding mechanisms. Take action now.