Federal Deposit Insurance Corporation

Report: Silvergate Works With FDIC Help to Stay Afloat
Report: Silvergate Works With FDIC Help to Stay Afloat
March 08, 2023  |  Regulation

Struggling crypto-friendly bank Silvergate Capital is reportedly working with U.S. regulators to stay in business. Officials from the Federal Deposit Insurance Corporation (FDIC) have been...

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Senate Appoints Martin Gruenberg as FDIC Chairman
Senate Appoints Martin Gruenberg as FDIC Chairman
December 20, 2022  |  Personnel

The U.S. Senate has named Martin Gruenberg to his second term as FDIC chairman. According to published reports, the Senate confirmed Gruenberg and named Republicans...

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Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
November 20, 2022  |  Cryptocurrency

The former head of the Federal Deposit Insurance Corporation (FDIC) has joined a chorus of voices calling for the regulation of cryptocurrency in the wake...

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US Unbanked Population Shrinks to 4%
US Unbanked Population Shrinks to 4%
October 26, 2022  |  Financial Inclusion

Even in the face of the economic hardships that came with COVID-19, America’s unbanked dropped to around 4% last year. That’s according to the Federal...

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FDIC Head: Regulators Must Understand Crypto Risks Before Offering Guidance
FDIC Head: Regulators Must Understand Crypto Risks Before Offering Guidance
October 20, 2022  |  Cryptocurrency

United States financial regulators will likely have stronger guidance for banks regarding cryptocurrencies once those agencies have a better handle on the risks. That’s according...

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Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

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Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
May 25, 2022  |  Bank Regulation

Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), told an audience at a crypto event on Tuesday, May 24...

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FDIC-Supervised Institutions Will Need to Report Crypto-Related Activities 
FDIC-Supervised Institutions Will Need to Report Crypto-Related Activities 
April 11, 2022  |  Bank Regulation

On Thursday April 7, the Federal Deposit Insurance Corporation (FDIC) announced that it will require all the institutions that it supervises to notify if they...

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SEC Commissioner Peirce Urges Regulators To Be Flexible  
SEC Commissioner Peirce Urges Regulators To Be Flexible  
April 04, 2022  |  Regulation

Last Friday (April 1), in a speech at the University of Central Florida’s Inaugural FinTech Summit, Commissioner Hester M. Peirce discussed how regulators should facilitate...

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