Federal Deposit Insurance Corporation

Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

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Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
Crypto Economy Is Dependent on ‘Hype,’ Says OCC’s Comptroller
May 25, 2022  |  Bank Regulation

Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), told an audience at a crypto event on Tuesday, May 24...

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FDIC-Supervised Institutions Will Need to Report Crypto-Related Activities 
FDIC-Supervised Institutions Will Need to Report Crypto-Related Activities 
April 11, 2022  |  Bank Regulation

On Thursday April 7, the Federal Deposit Insurance Corporation (FDIC) announced that it will require all the institutions that it supervises to notify if they...

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SEC Commissioner Peirce Urges Regulators To Be Flexible  
SEC Commissioner Peirce Urges Regulators To Be Flexible  
April 04, 2022  |  Regulation

Last Friday (April 1), in a speech at the University of Central Florida’s Inaugural FinTech Summit, Commissioner Hester M. Peirce discussed how regulators should facilitate...

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Former FDIC CIO Pens Stinging Critique of Agency’s Innovation Focus
Former FDIC CIO Pens Stinging Critique of Agency’s Innovation Focus
February 22, 2022  |  Technology

When Sultan Meghji resigned Friday (Feb. 18) as chief innovation officer at the Federal Deposit Insurance Corporation (FDIC), he said he did so after encountering...

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FDIC Study: Banks With Advanced Tech Made More PPP Loans
FDIC Study: Banks With Advanced Tech Made More PPP Loans
February 11, 2022  |  Digital Banking

For banks, especially smaller community banks, the key to powering through economic tumult may lie with technology. The Federal Deposit Insurance Corporation (FDIC) said in...

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Consumer Advocates Could Find a Friend in the FDIC to Fight ‘Rent-a-Bank’ Loans
Consumer Advocates Could Find a Friend in the FDIC to Fight ‘Rent-a-Bank’ Loans
February 08, 2022  |  Regulation

A dozen consumer protection groups like the National Community Reinvestment Coalition are calling on the Federal Deposit Insurance Corporation (FDIC) to stop a practice known...

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Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
December 12, 2021  |  Partnerships / Acquisitions

Rep. Maxine Waters has called on the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC)...

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Small Businesses Lending Slow To Recover Even As the Economy Rebounds
Small Businesses Lending Slow To Recover Even As the Economy Rebounds
August 21, 2014  |  Alternative Finances

Six-years out, the United States economy seems by most measures to be settling into a stable if unspectacular recovery. The jobless rate is below 7...

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