Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A program designed to expand financial inclusion to “unbanked” persons will be expanded to three more cities, the federal insurance program for bank deposits said Wednesday. The Los Angeles, Dallas, and Detroit metropolitan areas will […]
Outgoing Federal Deposit Insurance Corp. (FDIC) Board Chairman Jelena McWilliams received a note of acknowledgement Wednesday from her colleagues at the credit union regulator’s board with a joint statement signed by all three. NCUA Chairman […]
Registration is open for a “tech sprint” focusing on “digital identity proofing” – the process used to collect, validate, and verify information about a person – sponsored by the federal bank deposit insurer and the […]
The outgoing board chairman of the federal bank deposit insurance fund is planning an “exit interview” of sorts the day before she formally exits, the agency said Monday. Jelena McWilliams, chairman of the Federal Deposit […]
Three former Utah bankers were prohibited from future service in their former bank, or any other insured depository institution or company, and fined a total of $510,000 for reckless, unsafe, or unsound banking practices involving […]
The top insurance executive for the federal fund that insures bank deposits is retiring, effective at the end of May, after a 34-year career, the agency announced Wednesday. Diane Ellis, director of the division of […]
The Federal Deposit Insurance Corp. (FDIC) and Operation HOPE Inc. on Monday announced a collaboration arrangement on financial education that includes resource sharing to educate minority- and/or women-owned businesses on how to compete for business […]
A final rule aimed at simplifying deposit insurance coverage for deposits held in connection with revocable and irrevocable trusts was approved Friday by the Federal Deposit Insurance Corp. (FDIC) Board, the agency announced. The rule, […]
Banks serving areas affected by the severe storms and straight-line winds and tornadoes in Tennessee the first half of December are being extended regulatory relief, including the prospect of Community Reinvestment Act (CRA) consideration, by […]
Effective processes to acquire, analyze, disseminate, and use relevant and actionable threat information to guide the supervision of financial institutions were not established by the federal insurer of bank deposits, according to an audit report […]
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