Originally created to regulate interest rates and mortgage terms, the agency allows approved banks to continuously issue loans without putting out substantial capital of its own. (fhaloanpros.com)
After that date, only accounts associated with identified users could be accepted via approved banks. (links2exchange.net)
If your program balance nears the FDIC limit at one of these banks, additional cash is deposited at the next bank on a list of approved banks, thereby ensuring clients don't exceed current limits. (interactivebrokers.com)