A new sign of federal bank deposit insurance coverage for digital display purposes was approved for industry use late Wednesday by the board of insurance agency late Wednesday. The new sign is intended to be […]
“Targeted coverage” for federal insurance of bank deposits remains at the top of the list of proposed changes to deposit insurance in the wake of three, large regional bank failures last spring, the leader of […]
A non-bank company that reportedly claims relationships with two insured depository institutions (IDIs) and asserts the availability of “FDIC-insured” crypto accounts was told Friday that it and certain of its officers must “cease and desist […]
Demands to cease and desist from making false and misleading statements about federal deposit insurance was issued in letters to three firms Thursday by the Federal Deposit Insurance Corp. (FDIC). The FDIC letters to Bodega […]
Billions stored on digital payment apps such as Venmo and PayPal (among others) used by consumers may lack federal savings insurance, the federal consumer financial protection agency warned Thursday; it urged those consumers to transfer […]
Webinars on federal deposit insurance for banks – held in the wake of the recent failures of three large regional banks, and a resulting special assessment to cover uninsured deposits at those banks – are […]
Deposit insurance coverage, in the wake of recent failures of three large regional banks, was a common theme among federal financial regulators as they testified before a House committee Tuesday. In testimony before the House […]
Legislation enacted in 2018 easing some requirements on bank investment activity had “nothing to do” with the recent failure of a California bank, the vice chairman of the board of the federal bank deposit insurance […]
A so-called “neobank” which says it provides access to the U.S. banking system has been ordered to stop making phony representations that its customers cryptocurrency is covered by federal bank deposit insurance, the agency that […]
A comprehensive review of the federal bank deposit insurance system, as well as a review of the supervision by the deposit insurance agency of one of the two recently failed banks, will be conducted and […]
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