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: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
September 05, 2024  |  Banking

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general....

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From Partnerships to Problem Banks: FDIC Report Looms Large
From Partnerships to Problem Banks: FDIC Report Looms Large
September 03, 2024  |  Regulation

Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into...

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Compliance Remains a Constant for Bank-FinTech Partnerships
Compliance Remains a Constant for Bank-FinTech Partnerships
August 19, 2024  |  Bank Regulation

Rapid innovation cycles can often outpace the ability of risk management frameworks to adapt. This is being made evident across the banking-as-a-service (BaaS) landscape, where...

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FDIC Letter on ATMs Paves Way for More Branchless Banking
FDIC Letter on ATMs Paves Way for More Branchless Banking
August 12, 2024  |  Banking

New input from the Federal Deposit Insurance Corp. (FDIC) is poised to pave the way for more “branchless banking” — through interactive teller machines that...

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Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
August 07, 2024  |  Bank Regulation

The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on...

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FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits
FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits
August 07, 2024  |  Regulation

Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and...

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SVB’s Ex-Owner Ends Bankruptcy Amid FDIC Litigation
SVB’s Ex-Owner Ends Bankruptcy Amid FDIC Litigation
August 04, 2024  |  Banking

Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. As Reuters reported Saturday (Aug. 3), SVB Financial Group has been...

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Federal Financial Regulatory Agencies Propose Joint Data Standards
Federal Financial Regulatory Agencies Propose Joint Data Standards
August 02, 2024  |  Bank Regulation

Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. As required by...

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US Regulators Issue Joint Statement on Bank-FinTech Partnerships
US Regulators Issue Joint Statement on Bank-FinTech Partnerships
July 26, 2024  |  Bank Regulation

Three federal bank regulatory agencies said Thursday (July 25) that they are considering “additional steps” to ensure banks effectively manage risks associated with bank-FinTech arrangements....

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