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

Amazon’s Cash Play
Amazon’s Cash Play
April 04, 2017  |  Retail

As of yesterday (April 3), Amazon is open for business for cash-only customers — via 10,000 physical locations where a consumer can deposit cash directly into...

READ MORE >
Just In Time For Spring, Startup Banks Are Starting To Sprout
Just In Time For Spring, Startup Banks Are Starting To Sprout
February 09, 2017  |  Legal & Regulation

After a long period in the deep freeze, startup banks are showing some early signs of life in the U.S. economy. According to reports, eight...

READ MORE >
FBI Probes FDIC Hack That Lasted Several Years
FBI Probes FDIC Hack That Lasted Several Years
December 27, 2016  |  Cybersecurity

The FBI is looking into a hack of the Federal Deposit Insurance Corp. (FDIC) that went on for multiple years, starting back in 2010. According...

READ MORE >
Office Of The Comptroller Of The Currency Disclosed A Data Breach
Office Of The Comptroller Of The Currency Disclosed A Data Breach
October 31, 2016  |  Cybersecurity

The Office of the Comptroller of the Currency (OCC) disclosed it was hacked in September, reported The Wall Street Journal last week. According to the report,...

READ MORE >
FDIC Says Number Of Unbanked Dropped Last Year
FDIC Says Number Of Unbanked Dropped Last Year
October 21, 2016  |  Financial Inclusion

U.S. households that include not one person with a checking or savings account, otherwise known as the unbanked, declined to a record low of 7...

READ MORE >
There Are Fewer Unbanked Americans, According To The FDIC
There Are Fewer Unbanked Americans, According To The FDIC
September 08, 2016  |  Financial Inclusion

With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. The percentage...

READ MORE >
FDIC Steps Up Its Security Efforts
FDIC Steps Up Its Security Efforts
August 11, 2016  |  Cybersecurity

The Federal Deposit Insurance Corporation (FDIC) is taking a new approach to cybersecurity. The banking regulator announced on Tuesday (Aug. 9) that it plans to...

READ MORE >
FDIC Told Of Community Banks Under FinTech Pressure
FDIC Told Of Community Banks Under FinTech Pressure
July 25, 2016  |  B2B Payments

Large corporate banks have the resources to collaborate with — or even acquire — FinTech disruptors or to develop their own innovations in-house. Community banks,...

READ MORE >
Did The FDIC Cover Up A Chinese Hack?
Did The FDIC Cover Up A Chinese Hack?
July 14, 2016  |  Cybersecurity

According to a new Congressional Report, there is bad news, worse news and worst news when it comes to the cyber-security situation at the Federal...

READ MORE >