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

Galileo Introduces Deposit Sweep Product for FinTechs
Galileo Introduces Deposit Sweep Product for FinTechs
April 08, 2025  |  Digital Banking

Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to...

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FDIC Says Updated Guidance Frees Banks to Trade Crypto Without Prior Approval
FDIC Says Updated Guidance Frees Banks to Trade Crypto Without Prior Approval
March 28, 2025  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) provided new guidance Friday (March 28) saying that FDIC-supervised institutions can engage in crypto-related activities without receiving prior FDIC...

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Report: Treasury Department Seeks More Control Over FDIC and OCC
Report: Treasury Department Seeks More Control Over FDIC and OCC
March 24, 2025  |  Bank Regulation

The Treasury Department is reportedly drafting recommendations that would streamline other banking regulators and give the department more control over them. Treasury began drafting these...

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Inspector General Report Points to Banks’ Cybersecurity Risks and Dwindling FDIC ‘IT Expertise’
Inspector General Report Points to Banks’ Cybersecurity Risks and Dwindling FDIC ‘IT Expertise’
March 21, 2025  |  Cybersecurity

A deep dive into Federal Deposit Insurance Corp.’s (FDIC) Office of Inspector General’s latest audit and report on the agency reveals key risks to banks:...

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Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
Cost and Integration Concerns Keep Smaller Banks From Adopting Real-Time Payments
March 14, 2025  |  Banking

The benefits of real-time payments may be readily apparent to financial institutions (FIs) — as they can serve their clients with new use cases, including...

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Square Financial Services to Service and Originate Cash App Borrow Loans
Square Financial Services to Service and Originate Cash App Borrow Loans
March 13, 2025  |  Consumer Finance

Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the...

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Credit Quality Weakens Slightly Among Borrowers Owing Over $100 Million
Credit Quality Weakens Slightly Among Borrowers Owing Over $100 Million
March 10, 2025  |  Debt

The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory...

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FDIC Regulatory Revamp May Smooth Path to Bank Mergers, Formations and FinTech Partnerships
FDIC Regulatory Revamp May Smooth Path to Bank Mergers, Formations and FinTech Partnerships
March 05, 2025  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC), like other regulatory agencies, is rapidly being reshaped. The very structure of the agency may be drastically altered. A...

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FDIC Wants to Lessen Scrutiny Into Banking Mega-Mergers
FDIC Wants to Lessen Scrutiny Into Banking Mega-Mergers
March 04, 2025  |  Bank Regulation

The FDIC wants to roll back a policy that had increased oversight into large bank mergers. The proposal unveiled by the Federal Deposit Insurance Corp....

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