Federal Deposit Insurance Corp.

FDIC Chairman Martin Gruenberg to Resign in January
FDIC Chairman Martin Gruenberg to Resign in January
November 19, 2024  |  News

Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg will step down from that post and from his seat on the board of directors the day...

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FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
November 18, 2024  |  Regulation

The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Get the Full...

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Only 4% of US Households Are Unbanked
Only 4% of US Households Are Unbanked
November 12, 2024  |  Consumer Insights

The percentage of households in the United States that are unbanked declined to a record low in 2023. Get the Full Story Complete the form...

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Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
November 01, 2024  |  Regulation

Among the central debates of regulation, what we might term even the jurisdiction of the regulators — no matter the industry — might boil down...

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BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
October 29, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions...

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BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
October 23, 2024  |  Digital Banking

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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FDIC Consent Orders Show Internal and External Risk Exposure
FDIC Consent Orders Show Internal and External Risk Exposure
September 27, 2024  |  Security & Fraud

A spate of recent enforcement decisions from the FDIC underscores risks that banks face — external as well as internal ones, where employees have allegedly...

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FDIC Proposes Rule to Strengthen Banks’ Recordkeeping for Custodial Accounts
FDIC Proposes Rule to Strengthen Banks’ Recordkeeping for Custodial Accounts
September 17, 2024  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) has proposed a rule that would strengthen recordkeeping for bank deposits received from third party, non-bank companies that accept those...

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Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization
Lawmakers Question Banking Agencies’ Ties to ‘Opaque’ Global Organization
September 16, 2024  |  Regulation

Two U.S. lawmakers want the Government Accountability Office (GAO) to help them evaluate the memberships of federal banking agencies in a global governance body, the...

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