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

Senate Banking Committee Gives McWilliams The Nod To Become Chair Of FDIC
Senate Banking Committee Gives McWilliams The Nod To Become Chair Of FDIC
February 09, 2018  |  Personnel

The Senate Banking Committee signed off on President Donald Trump’s nomination of Jelena McWilliams to become the next chair of the Federal Deposit Insurance Corporation (FDIC),...

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SEC Halts Texas Financial Firm’s ‘Illegal’ ICO
SEC Halts Texas Financial Firm’s ‘Illegal’ ICO
January 30, 2018  |  Regulation

In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial...

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FDIC Head Nominee Would Speed Up Issuing ILC Licenses
FDIC Head Nominee Would Speed Up Issuing ILC Licenses
January 24, 2018  |  Regulation

Jelena McWilliams, nominated by President Donald Trump to head the Federal Deposit Insurance Corporation (FDIC), said Tuesday (Jan. 23) that she would investigate the “hold-up”...

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Community Banks Aim To Amplify Competitive Edge With FinTechs
Community Banks Aim To Amplify Competitive Edge With FinTechs
January 09, 2018  |  B2B Payments

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for...

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New York Venture Bank Seeks National Bank Charter
New York Venture Bank Seeks National Bank Charter
November 23, 2017  |  Banking

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter....

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FDIC Chief Warns Over Relaxed Banking Regs
FDIC Chief Warns Over Relaxed Banking Regs
November 15, 2017  |  Bank Regulation

Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation who is leaving the government agency, expressed concern that regulators may be doing too much...

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OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
OCC Head Wants To Loosen Regulatory Rules Placed On Wells Fargo
October 31, 2017  |  Regulation

In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when...

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Why The Final Payday Lending Rules Are Far From The Last Word
Why The Final Payday Lending Rules Are Far From The Last Word
October 11, 2017  |  Alternative Finances

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one...

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Banking Trade Group Doesn’t Want Square To Be A Bank
Banking Trade Group Doesn’t Want Square To Be A Bank
October 11, 2017  |  Bank Regulation

The Independent Community Bankers of America (ICBA), the trade group for community banks, is calling on the Federal Deposit Insurance Corporation (FDIC) to deny a...

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