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

CLEARR And CHOICE On The Hill, But Not On Payments Regs
CLEARR And CHOICE On The Hill, But Not On Payments Regs
August 22, 2017  |  Regulation

Capitol Hill offers the ultimate horse race. Following who’s up, down, in the running, out of the race and which bills might pass … Why...

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Varo Money Applies For Charter To Become A Mobile-Only Regulated Bank
Varo Money Applies For Charter To Become A Mobile-Only Regulated Bank
July 25, 2017  |  Bank Regulation

Varo Money, the digital banking fintech that has investment backing from Warburg Pincus, filed for a national banking charter and deposit insurance, putting the Trump...

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Current State of U.S. Consumer Confidence
Current State of U.S. Consumer Confidence
July 17, 2017  |  Retail

Since the recession of 2008, the retail industry has been in constant flux and has seen a mere two percent expansion over the last eight...

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SoFi Officially Files For A Bank Charter Of Its Own
SoFi Officially Files For A Bank Charter Of Its Own
June 13, 2017  |  Banking

They said they were going to do it — and now it seems they’ve done it. Just about a month ago, SoFi CEO Michael Cagney...

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Amazon’s Cash Play
Amazon’s Cash Play
April 04, 2017  |  Amazon

As of yesterday (April 3), Amazon is open for business for cash-only customers — via 10,000 physical locations where a consumer can deposit cash directly into...

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Just In Time For Spring, Startup Banks Are Starting To Sprout
Just In Time For Spring, Startup Banks Are Starting To Sprout
February 09, 2017  |  Regulation

After a long period in the deep freeze, startup banks are showing some early signs of life in the U.S. economy. According to reports, eight...

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FBI Probes FDIC Hack That Lasted Several Years
FBI Probes FDIC Hack That Lasted Several Years
December 27, 2016  |  Security & Fraud

The FBI is looking into a hack of the Federal Deposit Insurance Corp. (FDIC) that went on for multiple years, starting back in 2010. According...

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Office Of The Comptroller Of The Currency Disclosed A Data Breach
Office Of The Comptroller Of The Currency Disclosed A Data Breach
October 31, 2016  |  Security & Fraud

The Office of the Comptroller of the Currency (OCC) disclosed it was hacked in September, reported The Wall Street Journal last week. According to the report,...

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FDIC Says Number Of Unbanked Dropped Last Year
FDIC Says Number Of Unbanked Dropped Last Year
October 21, 2016  |  Financial Inclusion

U.S. households that include not one person with a checking or savings account, otherwise known as the unbanked, declined to a record low of 7...

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