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

Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020  |  News

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the...

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FDIC Looks To Modernize Bank Reporting
FDIC Looks To Modernize Bank Reporting
June 28, 2020  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. Get...

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Volcker Rule Revision Inspires Hope For Startups, But Also Stirs Debate
Volcker Rule Revision Inspires Hope For Startups, But Also Stirs Debate
June 25, 2020  |  Investments

The FDIC’s decision to ease the Volcker Rule could prove to be a boon for some startups, freeing up banks to invest tens of billions...

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FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

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House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic
April 14, 2020  |  Coronavirus

Three top House Democrats have asked the Federal Deposit Insurance Corp. (FDIC) to explain how the agency is preparing for a financial crisis. Get the...

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Federal Agencies Ask Lenders To Offer Small Loans To Fill COVID-19 Gap
Federal Agencies Ask Lenders To Offer Small Loans To Fill COVID-19 Gap
March 26, 2020  |  Coronavirus

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to...

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FDIC Approves Square For Banking License
FDIC Approves Square For Banking License
March 19, 2020  |  Banking

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank...

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Today In Payments: FDIC Defines Bank Regs For FinTechs; Treasury Secretary Warns Of Depression-Like Unemployment
Today In Payments: FDIC Defines Bank Regs For FinTechs; Treasury Secretary Warns Of Depression-Like Unemployment
March 18, 2020  |  News

In today’s top news, the FDIC is planning on setting new regulations for FinTechs and industrial banks, and Treasury Secretary Steven Mnuchin said U.S. unemployment...

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FDIC Defines Bank Regs For FinTechs
FDIC Defines Bank Regs For FinTechs
March 18, 2020  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency...

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