Alexandra Steinberg Barrage, a former FDIC executive and banking regulatory expert, joins industry veterans Kiah Haslett, Alex Johnson, and Jason Mikula to dissect the FDIC's proposed changes to broker deposit regulations, dating back to 1989. They discuss the need for modernization in regulations to match technological advancements and shifting consumer behaviors. The group also dives into empowering individuals as deposit brokers and the evolving landscape of customer acquisition in finance, while making it all fun with playful hot sauce commentary.
The FDIC recently issued a proposed rule change on how brokered deposits are treated. This isn’t so much a proposed change but a rollback. A roll way back. Way back to 1989 when the original brokered deposit rule was written. As Jason Mikula points out, that’s when Taylor Swift was born. Jason M, Alex Johnson, Kiah Haslett and Alex Barrage of Troutman Pepper have some hot takes with Jason Henrichs on how the business of banking has changed through the eras and the implications for the future. Also, the views expressed are those of the individuals and not their respective employers – the lawyers made us add that.
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