FDIC

The Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions.

Source: fdic.gov

FDIC Pushes for Transparency in Bank-FinTech Partnerships
FDIC Pushes for Transparency in Bank-FinTech Partnerships
December 03, 2024  |  Regulation

As banks link with FinTechs, as new financial services are forged, with consumer-facing apps and digital channels in the mix, there’s still a need for...

READ MORE >
Exclusive: BNPL, Mobile Banking Embraced by Low-Income Consumers
Exclusive: BNPL, Mobile Banking Embraced by Low-Income Consumers
November 22, 2024  |  Consumer Insights

PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts in how consumers conduct their daily financial lives and pay. Given that the paycheck-to-paycheck...

READ MORE >
Regulators Tell House Committee They’ll Pause New Banking Rules
Regulators Tell House Committee They’ll Pause New Banking Rules
November 20, 2024  |  Bank Regulation

There’ll be a moratorium on new banking rules — at least for a bit. A trio of the top financial services industry regulators told the...

READ MORE >
McHenry: Banking Regulators Stuck ‘Fighting the Last War’
McHenry: Banking Regulators Stuck ‘Fighting the Last War’
November 20, 2024  |  Bank Regulation

By this time next year, America’s banking regulators will likely have new leadership. At a hearing Wednesday (Nov. 20) Rep. Patrick McHenry took the outgoing...

READ MORE >
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...

READ MORE >
Chopra Calls for Deposit Insurance Reform Following Okla. Bank Failure
Chopra Calls for Deposit Insurance Reform Following Okla. Bank Failure
November 18, 2024  |  Bank Regulation

America’s top consumer watchdog is calling for deposit insurance reform. Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) made this argument last week...

READ MORE >
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. Previously scheduled to...

READ MORE >
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. At 4.2% of U.S. households, or 5.6...

READ MORE >
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
October 31, 2024  |  Bank Regulation

House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee...

READ MORE >