Bank, Fintech Groups Say FDIC Should Ice 'Hot Money' Plan <https://www.law360.com/banking/articles/1872405?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-23&read_main=1&nlsidx=0&nlaidx=1>
By Jon Hill A broad coalition of bank and fintech trade groups has called for the Federal Deposit Insurance Corp. to back off from a recently proposed revamp of its rules on "hot money," or brokered deposits, arguing the plan was put forward "without sufficient or transparent data or robust policy rationale." Letter attached | Read full article » <https://www.law360.com/banking/articles/1872405?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-23&read_more=1&nlsidx=0&nlaidx=1> | Save to favorites » <https://www.law360.com/banking/articles/1872405?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-08-23&read_later=1&nlsidx=0&nlaidx=1>
