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

Reports: FDIC Plans Further Staff Reduction

Reports: FDIC Plans Further Staff Reduction
Reports: FDIC Plans Further Staff Reduction
April 21, 2025  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) reportedly plans to make a further staff reduction, eliminating another 750 positions in addition to the 500 it cut...

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Treasury Department Takes Lead in Efforts to Ease Banking Regulation
Treasury Department Takes Lead in Efforts to Ease Banking Regulation
April 17, 2025  |  Bank Regulation

The Treasury Department is reportedly taking the lead in the Trump Administration’s efforts to streamline oversight and ease regulation in the banking sector. Get the Full Story Complete...

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Bank of America to Pay $540.3 Million After Ruling in FDIC Lawsuit
Bank of America to Pay $540.3 Million After Ruling in FDIC Lawsuit
April 14, 2025  |  Bank Regulation

Bank of America will reportedly pay $540.3 million following a judge’s ruling in a lawsuit in which the Federal Deposit Insurance Corp. (FDIC) accused the...

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Galileo Introduces Deposit Sweep Product for FinTechs
Galileo Introduces Deposit Sweep Product for FinTechs
April 08, 2025  |  Digital Banking

Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to...

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FDIC Says Updated Guidance Frees Banks to Trade Crypto Without Prior Approval
FDIC Says Updated Guidance Frees Banks to Trade Crypto Without Prior Approval
March 28, 2025  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) provided new guidance Friday (March 28) saying that FDIC-supervised institutions can engage in crypto-related activities without receiving prior FDIC...

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Report: Treasury Department Seeks More Control Over FDIC and OCC
Report: Treasury Department Seeks More Control Over FDIC and OCC
March 24, 2025  |  Bank Regulation

The Treasury Department is reportedly drafting recommendations that would streamline other banking regulators and give the department more control over them. Get the Full Story...

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Inspector General Report Points to Banks’ Cybersecurity Risks and Dwindling FDIC ‘IT Expertise’
Inspector General Report Points to Banks’ Cybersecurity Risks and Dwindling FDIC ‘IT Expertise’
March 21, 2025  |  Cybersecurity

A deep dive into Federal Deposit Insurance Corp.’s (FDIC) Office of Inspector General’s latest audit and report on the agency reveals key risks to banks:...

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Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
March 14, 2025  |  Banking

The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including...

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