Federal Deposit Insurance Corporation

Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
November 20, 2022  |  Cryptocurrency

The former head of the Federal Deposit Insurance Corporation (FDIC) has joined a chorus of voices calling for the regulation of cryptocurrency in the wake...

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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. That’s according to the Federal...

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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. That’s according...

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Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

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Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
May 25, 2022  |  Bank Regulation

Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), told an audience at a crypto event on Tuesday, May 24...

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FDIC-Supervised Institutions Will Need to Report Crypto-Related Activities 
FDIC-Supervised Institutions Will Need to Report Crypto-Related Activities 
April 11, 2022  |  Bank Regulation

On Thursday April 7, the Federal Deposit Insurance Corporation (FDIC) announced that it will require all the institutions that it supervises to notify if they...

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SEC Commissioner Peirce Urges Regulators To Be Flexible  
SEC Commissioner Peirce Urges Regulators To Be Flexible  
April 04, 2022  |  Regulation

Last Friday (April 1), in a speech at the University of Central Florida’s Inaugural FinTech Summit, Commissioner Hester M. Peirce discussed how regulators should facilitate...

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Former FDIC CIO Pens Stinging Critique of Agency’s Innovation Focus
Former FDIC CIO Pens Stinging Critique of Agency’s Innovation Focus
February 22, 2022  |  Technology

When Sultan Meghji resigned Friday (Feb. 18) as chief innovation officer at the Federal Deposit Insurance Corporation (FDIC), he said he did so after encountering...

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FDIC Study: Banks With Advanced Tech Made More PPP Loans
FDIC Study: Banks With Advanced Tech Made More PPP Loans
February 11, 2022  |  Digital Banking

For banks, especially smaller community banks, the key to powering through economic tumult may lie with technology. The Federal Deposit Insurance Corporation (FDIC) said in...

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