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

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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Today In Payments: Advance America, Western Union Team On Money Transfer Tools; Square Generates $1.7 Billion In Crypto Revenue
Today In Payments: Advance America, Western Union Team On Money Transfer Tools; Square Generates $1.7...
February 24, 2021  |  News

In today’s top news, Advance America is teaming with Western Union to offer its payment solutions, and Square generated $1.7 billion in revenue from cryptocurrency...

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FDIC: Bank Profits Dropped 36.5 Pct In 2020
FDIC: Bank Profits Dropped 36.5 Pct In 2020
February 23, 2021  |  Banking

U.S. bank profits fell 36.5 percent in 2020 compared to the previous year due to the large volume of money set aside to cover potential...

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FDIC: US Bankless Rate Set To Rise If Pandemic Continues
FDIC: US Bankless Rate Set To Rise If Pandemic Continues
October 19, 2020  |  Banking

The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year,...

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Brex Offers FDIC Insurance
Brex Offers FDIC Insurance
July 22, 2020  |  B2B Payments

Brex, the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Get the Full Story...

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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020  |  News

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the...

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FDIC Looks To Modernize Bank Reporting
FDIC Looks To Modernize Bank Reporting
June 28, 2020  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. Get...

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Volcker Rule Revision Inspires Hope For Startups, But Also Stirs Debate
Volcker Rule Revision Inspires Hope For Startups, But Also Stirs Debate
June 25, 2020  |  Investments

The FDIC’s decision to ease the Volcker Rule could prove to be a boon for some startups, freeing up banks to invest tens of billions...

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