Bank Groups Continue to Battle FCC Ratings Rule

WASHINGTON, May 23, 2024 – The banking industry is trying to scuttle a Federal Communications Commission financial rule that can jeopardize the ability of broadband Internet Service Providers to access federal deployment grants won at auction.

The issue has its weedy complexities, but it has risen in importance as a regulatory matter at the FCC because the dispute involves access to capital needed to deploy broadband networks in rural America and help close the digital divide.