President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of the Federal Deposit Insurance Corp. (FDIC). Goldsmith Romero has been a commissioner at the CFTC since March 2022, sponsors the CFTC’s...
The headlines swirl around Synapse’s bankruptcy and customers’ tales of being frozen out of their accounts. The FinTech space is always evolving, and the ongoing legal wrangling and attempts to find $85 million in account shortfalls will seemingly be long and drawn out, with no...
Testimony from some of the top regulators in the country ahead of a Wednesday (May 15) Capitol Hill hearing on bank oversight took note of the resilience of the banking industry in the wake of the Silicon Valley Bank (SVB) collapse of last year. But...
The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers. The FDIC board of directors voted Thursday (March 21) to approve a Federal Register notice seeking comment on proposed revisions to the...
June 23, 2023
If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal Deposit Insurance Corp. (FDIC) quickly stepped in and backstopped SVB’s […]
June 13, 2024
President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of the Federal Deposit Insurance Corp. (FDIC). Goldsmith Romero has been a commissioner at the CFTC since March 2022, sponsors the CFTC’s Technology Advisory Committee, and has issued reports on artificial intelligence […]
March 21, 2024
The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers. The FDIC board of directors voted...
February 27, 2024
Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can be very big undertakings,” Capital One CEO Richard Fairbank said Tuesday (Feb. 27) at a Keefe, Bruyette...
February 02, 2024
Three members of Congress have asked the Federal Deposit Insurance Corp. (FDIC) for information about how it will provide regulatory guidance for FinTech firms and other financial innovators. This request was driven...
