FDIC advances bank merger proposal

American Banker

FDIC M&A Politics and policy

FDIC 61

Why Sultan Meghji quit as FDIC innovation chief

American Banker

FDIC Regtech

FDIC 58
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FDIC, CFPB target crypto firms that make false claims of deposit insurance

American Banker

FDIC Regulation and compliance CFPB

FDIC 63

FDIC Approves Square For Banking License

PYMNTS

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Banking bank charter deposits FDIC ILC industrial loans News Square Utah What's Hot

FDIC 227

Partisan battle brewing over FDIC's bank merger policy

American Banker

FDIC Politics and policy

FDIC 71

FDIC issues climate risk guidance for larger banks

American Banker

FDIC ESG

FDIC 44

New FDIC leader shakes up senior executive ranks

American Banker

FDIC Politics and policy

FDIC 58

FDIC: US Bankless Rate Set To Rise

PYMNTS

The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year, according to a new report by the Federal Deposit Insurance Corp (FDIC). percent in 2019, the lowest since the FDIC began tracking this stat in 2009.

FDIC 168

FDIC Looks To Modernize Bank Reporting

PYMNTS

FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. To do so, the FDIC is going about a new competition among 20 data and technology firms to try and find the best way to move forward, WSJ reported.

FDIC 190

FDIC names new community banking committee members

ABA Community Banking

The FDIC has appointed seven new members to its Advisory Committee on Community Banking. The post FDIC names new community banking committee members appeared first on ABA Banking Journal. Twelve of 19 on the panel are with ABA member banks.

Former FDIC chair Bair urges Biden to add non-Democrats to agency's board

American Banker

FDIC Politics and policy

FDIC 56

FDIC seeks industry feedback on the future of remote exams

American Banker

FDIC COVID-19 Exams

FDIC 66

Acting FDIC chief signals shifts on climate risk, merger review, crypto

American Banker

FDIC Politics and policy

FDIC 58

FDIC Defines Bank Regs For FinTechs

PYMNTS

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17).

FDIC 138

FDIC: Banks should alert agency of their crypto-related pursuits

Payments Dive

The regulator said it supports safe and sound innovations, but is concerned that the risks associated with crypto assets and crypto-related activities are not well understood

FDIC 195

McWilliams to resign as FDIC chief in sudden end to power struggle

American Banker

FDIC Biden Administration Politics and policy

FDIC 73

FDIC chief cites legacy systems as 'No. 1' concern for banks

American Banker

FDIC Fintech Risk management

FDIC 75

Will FDIC, OCC follow Fed into global climate group?

American Banker

FDIC Climate change OCC Biden Administration

FDIC 73

House Chairs Seek Briefing On FDIC Crisis Readiness During Pandemic

PYMNTS

FDIC) to explain how the agency is preparing for a financial crisis. The lawmakers’ letter to FDIC Chairman Jelena McWilliams, dated April 13, cited an independent report about weaknesses in the Fed’s crisis readiness. Coronavirus Congress economy FDIC News What's Hot

FDIC 166

Southern California Bancorp Reshuffles and New Advisory Members at FDIC

Banking Exchange

New members for FDIC community banking committee; chief revenue officer for Finward Bancorp Management Human Resources Feature Feature3 Community Banking.

A big bank is in trouble, and no one knows which one or why

American Banker

FDIC Compliance

FDIC 80

Varo’s FDIC application tests uncharted territory

Bank Innovation

Compliance Daily Post 1 Exclusive Open Banking Operations & Best Practices Premium Retail Banking Banking Charter fdic OCC Robinhood Varo MoneyVaro Money has been striving to get a banking charter for three years. On Aug. 31, 2018, the digital-only challenger bank finally received conditional approval from the Office of the Comptroller of the Currency. It’s still unclear, however, if the Federal Deposit Insurance Corporation will grant the final approval.

FDIC 150

Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). B2B Payments B2B Brex business banking FDIC News UMB Financial Corp.

FDIC 154

Democratic majority on FDIC board spells trouble for ILC hopefuls

American Banker

FDIC ILCs Licenses and charters Biden Administration Fintech regulations

FDIC 70

Varo files FDIC application, announces $100m Series C funding

Bank Innovation

Varo Money, the 4-year-old digital banking startup with 750,000 users and $600 million in deposits, has applied for a banking license with the Federal Deposit Insurance Corporation (FDIC) this week. Capital & Funding Carousel Premium Product Design Retail Banking fdic OCC Temenos Varo Varo Money Visa

FDIC 161

It’s time to cut the FDIC Board down to size

American Banker

FDIC Politics and policy

FDIC 39

FDIC: Increase in provision expense drives bank net income down

ABA Community Banking

FDIC-insured banks and savings associations earned $59.7 The post FDIC: Increase in provision expense drives bank net income down appeared first on ABA Banking Journal. billion in the first quarter of 2022, a 22.2%

FDIC 52

Industry groups sound alarm over FDIC board rift

American Banker

FDIC CFPB Politics and policy

FDIC 44

FDIC Partners With Operation Hope to Promote Financial Education

ABA Community Banking

The FDIC today said it has partnered with the nonprofit Operation Hope to promote financial education to minority and women-owned businesses. Through the partnership, Operation Hope will use the FDIC's Money Smart financial education resources to help teach how to do business with the agency.

FDIC 97

Listen: How the FDIC and Duke University drive bank innovation

BankInovation

Risk & Security banking innovation cybersecurity fdic Premium

FDIC 82

House Chairwoman Tells FDIC To Halt ILC Charters

PYMNTS

Waters wrote to Jelena McWilliams , chairwoman of the Federal Deposit Insurance Corporation (FDIC) , requesting the agency wait until new regulatory proposals on ILC charters are given the OK before any more of the charters are passed through.

FDIC 137

FDIC Acting Chair announces 2022 priorities

CFPB Monitor

With Democrats now firmly in control of the FDIC, Acting Chairman Martin Gruenberg released a list of the FDIC’s priorities for 2022. CRA reform will be the FDIC’s top priority. (In FDIC Regulatory and Enforcement community reinvestment crypto

FDIC 78

FDIC review of virtual exams sparks debate on bank supervision's future

American Banker

FDIC COVID-19 Regtech Regulatory reform Exams

FDIC 66

FDIC seeks feedback on banks' crypto plans

American Banker

FDIC Jelena McWilliams Digital currencies

FDIC 43

FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic

PYMNTS

According to the Federal Deposit Insurance Corporation (FDIC), over half of all banks ended up reporting a decline in profits, and 7.3 In addition, the total number of problem banks the FDIC was watching rose for the first time since 2011, with 54 firms in the first quarter, up from 51.

FDIC 178