FDIC Issues Proposed Rule to Address Deposit Insurance Assessment Effect on Participation in the PPP, PPP Lending Facility and MMF Liquidity Facility

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On May 12, the FDIC issued a proposed rule to mitigate the deposit insurance assessment effects of participating in the PPP and the PPP and Money Market Fund Liquidity Facilities. The proposed rule would remove certain FDIC assessment impacts on banks as a result of their participation in the PPP and the lending facilities. Release.