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

FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary

FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary
FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary
February 08, 2022  |  Cryptocurrency

Heading into an important hearing later Tuesday morning (Feb. 8) by the House Financial Services Committee about the President’s Working Group on Financial Services recent...

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Consumer Advocates Could Find a Friend in the FDIC to Fight ‘Rent-a-Bank’ Loans
Consumer Advocates Could Find a Friend in the FDIC to Fight ‘Rent-a-Bank’ Loans
February 08, 2022  |  Regulation

A dozen consumer protection groups like the National Community Reinvestment Coalition are calling on the Federal Deposit Insurance Corporation (FDIC) to stop a practice known...

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New FDIC Acting Chair: Evaluation of Crypto Risks Is a Top Priority for 2022
New FDIC Acting Chair: Evaluation of Crypto Risks Is a Top Priority for 2022
February 07, 2022  |  Cryptocurrency

Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg on Monday (Feb. 7) included the evaluation of the risks related to cryptocurrency as a...

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Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
February 06, 2022  |  Banking

A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise...

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Report: Federal Financial Regulators Should Ensure Protection of Personal Data
Report: Federal Financial Regulators Should Ensure Protection of Personal Data
January 14, 2022  |  Regulation

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as...

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US Banks Plan USDF Stablecoin
US Banks Plan USDF Stablecoin
January 12, 2022  |  Cryptocurrency

A group of U.S. banks will offer its own stablecoin, USDF, as it tries to beat concerns about the reserves behind equivalents from nonbanks, according...

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FDIC Chairman McWilliams Resigns Over Policy Clashes
FDIC Chairman McWilliams Resigns Over Policy Clashes
January 02, 2022  |  Politics

Jelena McWilliams, a Trump-era appointee banking regulator, has resigned as of Friday (Dec. 31), per a Financial Times report. Get the Full Story Complete the...

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Battle of the Regulators May Leave Bank Mergers in Limbo
Battle of the Regulators May Leave Bank Mergers in Limbo
December 16, 2021  |  Bank Regulation

Mergers and acquisitions have been a mainstay of financial services, a strategic tool that helps big firms get bigger and smaller firms become, well, big....

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Hurricane Season Puts Focus on Mitigating Financial Disruption of Natural Disasters
Hurricane Season Puts Focus on Mitigating Financial Disruption of Natural Disasters
August 30, 2021  |  Economy

Greek philosopher Epicurus gets the nod for writing, “Skillful pilots gain their reputation from storms and tempest.” As wildfires, tropical storms, floods and hurricanes compound...

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