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FDIC warns banks of risks posed by crypto partners

American Banker

FDIC Regulation and compliance

FDIC 65
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White House taps Gruenberg for FDIC chair

American Banker

FDIC Regulation and compliance Politics and policy

FDIC 54
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FDIC plans to raise assessments in face of deposit glut

American Banker

FDIC Regulation and compliance

FDIC 59
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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
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Fed, OCC, FDIC issue joint warning on crypto risks

Payments Dive

The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely

FDIC 212
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State regulator group raises concerns about FDIC nominees

American Banker

FDIC Politics and policy

FDIC 36
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FDIC proposes rule to crack down on misrepresentations, adopts new arbitration guidelines

American Banker

FDIC Regulation and compliance Politics and policy

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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
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Former FDIC regulator lands at Cravath to set up D.C. operations

American Banker

FDIC Jelena McWilliams

DC 59
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Inside 6 of the FDIC’s top concerns over stablecoins

Payments Dive

The regulator’s acting chief discussed their potential effect on community banks, interplay with FedNow and a potential CBDC, the importance of inclusion and the limits of regulation

FDIC 227
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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
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FDIC should reduce the price of deposit insurance for community banks

American Banker

FDIC Deposits Community banking Regulation and compliance

FDIC 47
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FDIC, CFPB target crypto firms that make false claims of deposit insurance

American Banker

FDIC Regulation and compliance CFPB

FDIC 59
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Proposed rule continues FDIC focus on use and misuse of FDIC name and logo; CFPB Director Chopra applauds

CFPB Monitor

On December 13, 2022, the FDIC issued a request for comment on a proposal to modernize the regulations governing use of the FDIC’s official signage and advertising of FDIC-insured status by insured depository institutions (IDIs), and to clarify regulations issued.

FDIC 78
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Gruenberg confirmation heralds the end of one era at the FDIC and the beginning of another

American Banker

FDIC Regulation and compliance Politics and policy

FDIC 41
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Put a former state bank supervisor on the FDIC board

American Banker

FDIC Corporate governance Regulation and compliance Politics and policy

FDIC 45
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Banks don't love the FDIC's ombudsman proposal for appeals process

American Banker

FDIC Regulation and compliance Politics and policy

FDIC 38
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Will an OCC, FDIC Charter Help Varo Money Become the First National Mobile Bank?

Bank Innovation

Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. Exclusive Mobile Payments Startups fdic Financial Regulation Mobile banking OCC OCC charter PayPal SoFi Varo MoneyWant a national bank that’s mobile-only? So does Varo Money.

FDIC 284
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Silvergate Bank loaded up on $4.3 billion in Home Loan bank advances

American Banker

FDIC Cryptocurrency FHFA Regulation and compliance

FDIC 79
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FDIC probing how bankrupt crypto broker Voyager marketed itself

American Banker

FDIC Regulation and compliance CFPB Cryptocurrencies

FDIC 44
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Democratic majority on FDIC board spells trouble for ILC hopefuls

American Banker

FDIC ILCs Licenses and charters Biden Administration Fintech regulations

FDIC 68
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Varo’s FDIC application tests uncharted territory

Bank Innovation

Julie Hill, a financial institutions regulation […]. 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.

FDIC 163
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Data shortcomings at Citigroup flagged in Fed, FDIC resolution plan review

American Banker

FDIC Federal Reserve Regulation and compliance Politics and policy

FDIC 42
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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
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Bank trade groups seek more time to comment on FDIC proposed signage and advertising rule

CFPB Monitor

Continue Reading FDIC Regulatory and Enforcement advertising Logo signage

FDIC 78
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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
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Gruenberg, FDIC board members confirmed by Senate

American Banker

Regulation and compliance Politics and policy

FDIC 61
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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
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Reinstated FDIC committee threatens to politicize supervision of banks

American Banker

FDIC Regulation and compliance Politics and policy

FDIC 36
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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
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Dust-up at FDIC portends bigger fight over bank regulation

American Banker

Regulation and compliance Politics and policy

FDIC 65
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Fed, FDIC plan for living wills sparks debate about best approach

American Banker

FDIC Federal Reserve Regulation and compliance

FDIC 36
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OCC, FDIC, and Federal Reserve propose amendments to CRA regulations

CFPB Monitor

The action follows the OCC’s rescission in December 2021 of its 2020 CRA final rule and replacement of that rule with one that is largely based on the OCC’s 1995 CRA rule adopted jointly with the Federal Reserve and FDIC.

FDIC 78
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FDIC’s new CIO: Fundamental competitive differential offered by AI

BankInovation

Federal Deposit Insurance Corporation (FDIC) is exploring how to shepherd such integrations while also assimilating changes in the agency’s internal tech stack. Starting June 14, Sultan Meghji, the FDIC’s inaugural chief innovation officer, and the supervisory body’s tech lab, […].

FDIC 77
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The FDIC quietly rolled back an independent review committee, and banks aren’t happy

American Banker

FDIC Compliance Community banking Regulation and compliance

FDIC 41