FDIC

The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.

Source: fdic.gov

House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
October 31, 2024  |  Bank Regulation

House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee...

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BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
October 29, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions...

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BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
October 23, 2024  |  Digital Banking

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup...

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Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
October 22, 2024  |  Bank Regulation

Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts....

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FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton
FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton
October 15, 2024  |  Bank Regulation

Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies...

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Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
October 09, 2024  |  Bank Regulation

A relatively obscure corner of the banking sector is being thrust into the spotlight — and the Federal Deposit Insurance Corp. may change the ways in...

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FDIC: High-Touch Beats High-Tech in Small Business Lending
FDIC: High-Touch Beats High-Tech in Small Business Lending
October 03, 2024  |  Loans

In small business lending — regardless of the size of the bank doing the lending itself — a high-touch approach and in-person visits to the...

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FDIC Consent Orders Show Internal and External Risk Exposure
FDIC Consent Orders Show Internal and External Risk Exposure
September 27, 2024  |  Security & Fraud

A spate of recent enforcement decisions from the FDIC underscores risks that banks face — external as well as internal ones, where employees have allegedly...

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CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction....

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