Fdic news and trends

BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
Regulation // October 29, 2024

The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and competitive positioning, a Bank Policy Institute (BPI) senior associate general counsel wrote. Writing in a...

BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
Digital Banking // October 23, 2024

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup of regulators promises to reshape BaaS. The model, generally speaking, is one in which non-banks gain access to banking features,...

Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
Bank Regulation // October 22, 2024

Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a proper response to the collapse of Synapse and the fallout that impacted its FDIC-insured banking...

FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton
Bank Regulation // October 15, 2024

Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies and regulators issued an advisory Tuesday (Oct. 15) encouraging financial institutions in areas affected by the storm to work with...

Interviews & Exclusives
From Partnerships to Problem Banks: FDIC Report Looms Large

September 03, 2024
Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into the digital age, serving a broader swath of customers than they otherwise might have if those partnerships had not been struck in the first place. The PYMNTS Intelligence report “The […]

FDIC Letter on ATMs Paves Way for More Branchless Banking

August 12, 2024
New input from the Federal Deposit Insurance Corp. (FDIC) is poised to pave the way for more “branchless banking” — through interactive teller machines that can, conceivably, amp up competition...

FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits

August 07, 2024
Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and other bouts of financial instability...

Will Supreme Court Rulings Keep Federal Regulators in Court?

July 17, 2024
When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS...

Quick Reads
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships

October 31, 2024
House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corp. (FDIC) responding to […]

BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’

October 29, 2024
The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and...

Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model

October 22, 2024
Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a...

FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton

October 15, 2024
Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies and regulators issued an advisory...