Federal Deposit Insurance Corp.

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....

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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....

READ MORE >
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers
June 21, 2024  |  Bank Regulation

Last year marked a seismic shift in financial services — as five bank failures tested the ways and means at the disposal of government and...

READ MORE >
White House to Nominate CFTC Commissioner Christy Goldsmith Romero to Head FDIC
White House to Nominate CFTC Commissioner Christy Goldsmith Romero to Head FDIC
June 13, 2024  |  Politics

President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of...

READ MORE >
FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
June 11, 2024  |  Consumer Finance

The headlines swirl around Synapse’s bankruptcy and customers’ tales of being frozen out of their accounts. The FinTech space is always evolving, and the ongoing...

READ MORE >