Intensifying its campaign to crack down on pretenders to federal deposit insurance coverage, the federal bank deposit insurance agency said Wednesday it “demands” that four entities connected to crypto-asset exchanges and other firms cease making […]
An extension of 45 days to the comment period for proposed changes to rules about misrepresentations of deposit insurance was announced Monday by the federal bank deposit insurance agency. Comments will now be due by […]
Differentiating federally insured bank deposits from non-insured savings – for example, from financial products offered by non-federally insured financial firms, such as fintechs – is the aim a rule proposed Tuesday by the federal bank […]
Five companies that offer or circulate information about crypto-related products were ordered in letters Wednesday to cease and desist from making false and misleading statements about federal bank deposit insurance and to take immediate corrective […]
Two federal banking agencies are “demanding” that a New Jersey crypto currency brokerage firm stop immediately making bogus claims about coverage by federal deposit insurance of its products, the agencies said in a release late […]
Deposit insurance assessment rates paid by banks would be increased by 2 basis points under a proposal issued Tuesday by the federal bank deposit insurance agency. The proposed assessment rate schedules would begin with the […]
The restoration plan to return the reserve ratio of the federal bank deposit insurance fund, last reported at 1.23%, appears poised for revision, according to the agenda for the June 21 open meeting of the […]
A compliance guide related to a rule designed to simplify federal bank deposit insurance rules for trust and mortgage service accounts at small entities was released Wednesday by the federal agency that provides the insurance. […]
A final rule prohibiting any person or organization from making misrepresentations about federal bank deposit insurance or misusing the insurer’s name or logo was approved Tuesday by the Federal Deposit Insurance Corp. (FDIC). The final […]
A final rule on false advertising, misrepresentation of insured status, and misuse of the logo of the federal insurer of bank deposits is up for consideration at a meeting of the agency’s board May 17 […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info