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

US Unbanked Population Shrinks to 4%
US Unbanked Population Shrinks to 4%
October 26, 2022  |  Financial Inclusion

Even in the face of the economic hardships that came with COVID-19, America’s unbanked dropped to around 4% last year. Get the Full Story Complete...

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FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
October 20, 2022  |  Cryptocurrency

Stablecoins have the potential to “fundamentally alter the landscape of banking,” the head of the Federal Deposit Insurance Corporation said in a speech on Thursday...

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FDIC Head: Regulators Must Understand Crypto Risks Before Offering Guidance
FDIC Head: Regulators Must Understand Crypto Risks Before Offering Guidance
October 20, 2022  |  Cryptocurrency

United States financial regulators will likely have stronger guidance for banks regarding cryptocurrencies once those agencies have a better handle on the risks. Get the...

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Higher Institutional Expenses Lead to $370B Decline in US Bank Deposits
Higher Institutional Expenses Lead to $370B Decline in US Bank Deposits
September 13, 2022  |  Banking

Deposits at U.S. banks are down $370 billion in the second quarter for the first time since 2018, and the banking industry also reported a...

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FDIC Warns 5 Companies About Statements Around Deposit Insurance
FDIC Warns 5 Companies About Statements Around Deposit Insurance
August 19, 2022  |  Cryptocurrency

The Federal Deposit Insurance Corporation (FDIC) reported Friday (Aug. 19) that it has issued letters to five companies demanding that they cease and desist from...

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Today in the Connected Economy: Amazon Tests Livestream Shopping
Today in the Connected Economy: Amazon Tests Livestream Shopping
August 17, 2022  |  Connected Economy

Today in the connected economy, Amazon is reportedly taking a page from TikTok as it tests a new live stream shopping feature for its app....

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Toomey: FDIC ‘Improperly’ Restricting Crypto Trading Amid Broader U.S. Crackdown
Toomey: FDIC ‘Improperly’ Restricting Crypto Trading Amid Broader U.S. Crackdown
August 17, 2022  |  Cryptocurrency

A clash may be coming between congressional Republicans and federal banking regulators over the treatment of cryptocurrency businesses. Get the Full Story Complete the form...

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PYMNTS Cryptocurrency Glossary: Stablecoins
PYMNTS Cryptocurrency Glossary: Stablecoins
August 11, 2022  |  Cryptocurrency

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in...

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FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
July 29, 2022  |  Cryptocurrency

The Federal Deposit Insurance Corporation (FDIC) just issued bankrupt crypto lender Voyager Digital a stern warning to stop “making false or misleading representations” implying that...

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