Troutman Pepper was recently engaged by the Financial Technology Association (FTA) to draft its response to the Federal Deposit Insurance Corporation’s (FDIC) Request for Comment on its Brokered Deposit Notice of Proposed Rulemaking.
Trump’s FDIC Has Work Cut Out For it in Repairing Culture
Troutman Pepper partner, Alexandra Steinberg Barrage, was quoted in the November 19, 2024 American Banker article, “Trump’s FDIC has work cut out for it in repairing culture.”
FDIC Proposal on Change-in-Control Notices Has Potential Ripple Effects on M&A
Alexandra Barrage, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the August 29, 2024 S&P Global Market Intelligence article, “FDIC Proposal on Change-in-Control Notices Has Potential Ripple Effects on M&A.”
Brokered Deposits Rule Threatens to Upend Bank Balance Sheets
Alexandra Barrage, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the August 23, 2024 Bank Director article, “Brokered Deposits Rule Threatens to Upend Bank Balance Sheets.”
“In the worst case, these [newly designated brokered deposits] will have to get offloaded in a way that potentially puts those banks at even
FDIC’s Brokered Deposit Proposal Expected to Face Industry Pushback
Matthew Bornfreund, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the August 21, 2024 S&P Global Market Intelligence article, “FDIC’s Brokered Deposit Proposal Expected to Face Industry Pushback.”
Currently, deposit accounts enabling payment transactions are automatically non-brokered, but the new rule will eliminate this designation, meaning parties relying on the
Bank Allies Say FDIC Brokered Deposit Plan Reflects Outdated Thinking
Matthew Bornfreund, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the August 7, 2024 American Banker article, “Bank Allies Say FDIC Brokered Deposit Plan Reflects Outdated Thinking.”
Matthew Bornfreund of Troutman Pepper says such “hot money” – as it was later dubbed – was viewed by skeptics as one of
FDIC Proposal Would Classify More BaaS Deposits as Brokered, Not Core
Troutman Pepper Partners Alexandra Barrage and Matthew Bornfreund were quoted in the August 5, 2024 S&P Global article, “FDIC Proposal Would Classify More BaaS Deposits as Brokered, Not Core.”
Did Regulators Send Warning Shot at Already Roiled BaaS Space?
Alexandra Barrage, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the July 31, 2024 Banking Dive article, “Did Regulators Send Warning Shot at Already Roiled BaaS Space?“
Pledging ‘Accountability,’ Biden’s FDIC Pick Faces Senate Test
Alexandra Barrage, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the July 10, 2024 Law360 article, “Pledging ‘Accountability,’ Biden’s FDIC Pick Faces Senate Test.”
“She’s going to get lots of questions about her banking experience, her bank regulatory experience and her leadership and management experience,” said Alexandra Steinberg Barrage, a
What Is the Cost of Doing Banking as a Service ‘Well’?
Alexandra Barrage, a partner in Troutman Pepper’s Corporate Practice Group, was quoted in the July 26, 2024 American Banker article, “What Is the Cost of Doing Banking as a Service ‘Well’?”
“In my experience, there is always some tweaking,” said Alexandra Barrage, a partner at Troutman Pepper.
Leaders across the bank – from