James Stevens, co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in the October 13, 2025 S&P Global Market Intelligence article, “US Banks’ Brokered Deposit Levels Would Drop Under Pending House Bills.”

The custodial deposit bill “would make it clear that some portion of those are not brokered, which is great — [it] adds clarity to the complicated broker deposit regime that is currently in place,” said James Stevens, partner and co-leader of Troutman Pepper Locke LLP’s Financial Services Industry Group, in an interview.