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

White House to Nominate CFTC Commissioner Christy Goldsmith Romero to Head FDIC
White House to Nominate CFTC Commissioner Christy Goldsmith Romero to Head FDIC
June 13, 2024  |  Legal & Regulation

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...

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Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024  |  Legal & Regulation

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. It’s likely that there will...

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FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
June 11, 2024  |  Consumer Finance

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...

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FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
June 03, 2024  |  Banking

The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of several trends: Declining loan demand, delinquencies that were higher than...

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Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
May 14, 2024  |  Banking

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...

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Republic First Sold to Fulton in Latest Regional Bank Failure
Republic First Sold to Fulton in Latest Regional Bank Failure
April 28, 2024  |  Banking

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which...

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CFPB Head Says FDIC Should Review More Changes in Bank Control
CFPB Head Says FDIC Should Review More Changes in Bank Control
April 25, 2024  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) should change its rules to ensure that it reviews any “suspicious changes” in bank control, FDIC board member Rohit...

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Report: FDIC Seeking Buyers for Republic First Bancorp
Report: FDIC Seeking Buyers for Republic First Bancorp
April 24, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The...

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CEO Says KeyBank Is ‘Back to Playing Offense’
CEO Says KeyBank Is ‘Back to Playing Offense’
April 18, 2024  |  Earnings

Liquidity continues to dominate Q1 earnings season for banking. Saying his company can finally “play offense,” Cleveland-based KeyBank CEO Chris Gorman presented a solid balance...

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