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

Justice Department Says CFPB Will Be Streamlined, Not Dismantled

Justice Department Says CFPB Will Be Streamlined, Not Dismantled
Justice Department Says CFPB Will Be Streamlined, Not Dismantled
February 25, 2025  |  Legal & Regulation

Justice Department attorneys reportedly said late Monday (Feb. 24) in court filings that the Trump administration plans to streamline, not dismantle, the Consumer Financial Protection...

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Will McKernan Bring a ‘Regulatory Light’ Touch to the CFPB?
Will McKernan Bring a ‘Regulatory Light’ Touch to the CFPB?
February 24, 2025  |  Legal & Regulation

This Thursday (Feb. 27), the Senate Committee on Banking, Housing and Urban Affairs is scheduled to hold a hearing on nominees to head a variety...

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JPMorgan Declines to Share Private Credit Lending Data With Regulators
JPMorgan Declines to Share Private Credit Lending Data With Regulators
February 16, 2025  |  Bank Regulation

JPMorgan Chase has reportedly declined to share its private credit lending data with regulators. As the Financial Times (FT) reported Saturday (Feb. 15), this decision...

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Regulatory Roundup: CFPB on the Chopping Block, Stablecoins in Focus
Regulatory Roundup: CFPB on the Chopping Block, Stablecoins in Focus
February 14, 2025  |  Legal & Regulation

It was an earth-shaking week for regulatory agencies, and a groundbreaking week for stablecoins. For those seeking to keep up with the dizzying pace of...

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CFPB Director Nomination Tops Trump’s Picks to Lead Financial Regulators
CFPB Director Nomination Tops Trump’s Picks to Lead Financial Regulators
February 12, 2025  |  Legal & Regulation

Three weeks in, President Donald Trump’s second term has been anything but quiet. There was a blizzard of executive orders in the first week, covering...

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Trump Names New CFPB Head Amid Regulatory ‘Limbo’
Trump Names New CFPB Head Amid Regulatory ‘Limbo’
February 12, 2025  |  Legal & Regulation

President Trump has named a new CFPB director while the agency faces an uncertain future. Jonathan McKernan, who was until recently a director on the...

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White House Weighs Folding FDIC Into Other Agencies
White House Weighs Folding FDIC Into Other Agencies
February 12, 2025  |  Legal & Regulation

The Trump administration is reportedly considering plans to shrink one of America’s banking regulation bodies. These talks propose folding the Federal Deposit Insurance Corp. (FDIC)...

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FDIC Rates 3 of 60 Banks ‘Outstanding’ in CRA Compliance
FDIC Rates 3 of 60 Banks ‘Outstanding’ in CRA Compliance
February 04, 2025  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) rated three banks “outstanding” in its latest monthly list of banks examined for Community Reinvestment Act (CRA) compliance. The remainder of...

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