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

FDIC Probes Voyager Digital Over Account Insurance Claims
FDIC Probes Voyager Digital Over Account Insurance Claims
July 07, 2022  |  Cryptocurrency

Voyager Digital marketed its deposit accounts for crypto purchases as safe, but customers might not be afforded the protection they thought because their assets weren’t...

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CFPB Warns Businesses Not to Misrepresent FDIC Insurance
CFPB Warns Businesses Not to Misrepresent FDIC Insurance
May 17, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is looking out for consumers at risk of succumbing to false advertising stemming from misusing the Federal Deposit Insurance...

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FDIC’s New Cybersecurity Rule Kicks Off May 1
FDIC’s New Cybersecurity Rule Kicks Off May 1
April 29, 2022  |  Security & Fraud

Starting May 1, FDIC-supervised banking organizations will need to comply with new reporting rules regarding cyber security incidents.  Get the Full Story Complete the form...

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FDIC Seeks Comments on Mergers Between Banks
FDIC Seeks Comments on Mergers Between Banks
March 27, 2022  |  Banking

The Federal Deposit Insurance Corporation (FDIC) has sent the Federal Register a request for information soliciting comments on the laws and rules around merger transactions...

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FDIC Bars Three From Banking as Part of January’s Enforcement Actions
FDIC Bars Three From Banking as Part of January’s Enforcement Actions
February 25, 2022  |  Regulation

Three people were ordered from further participation “in any manner” having to do with financial institutions following January enforcement actions by the Federal Deposit Insurance...

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FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary
FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary
February 08, 2022  |  Cryptocurrency

Heading into an important hearing later Tuesday morning (Feb. 8) by the House Financial Services Committee about the President’s Working Group on Financial Services recent...

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Consumer Advocates Could Find a Friend in the FDIC to Fight ‘Rent-a-Bank’ Loans
Consumer Advocates Could Find a Friend in the FDIC to Fight ‘Rent-a-Bank’ Loans
February 08, 2022  |  Regulation

A dozen consumer protection groups like the National Community Reinvestment Coalition are calling on the Federal Deposit Insurance Corporation (FDIC) to stop a practice known...

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New FDIC Acting Chair: Evaluation of Crypto Risks Is a Top Priority for 2022
New FDIC Acting Chair: Evaluation of Crypto Risks Is a Top Priority for 2022
February 07, 2022  |  Cryptocurrency

Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg on Monday (Feb. 7) included the evaluation of the risks related to cryptocurrency as a...

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Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
February 06, 2022  |  Banking

A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise...

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