The Federal Deposit Insurance Corp. is instructing its bank examiners to focus their supervision on “material financial risks ...

The Federal Deposit Insurance Corp. (FDIC) is expected to propose new rules impacting For Benefit Of (FBO) accounts which will affect the neobanking sector. According to a report by Bloomberg, the ...

The FDIC has issued a proposed rule that would apply to practically all bank-fintech arrangements that use custodial deposit accounts to provide customers with transactional features (also called "FBO ...

The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of ...

WASHINGTON — The Federal Deposit Insurance Corp. board on Tuesday issued a proposed rule regarding custodial deposit accounts and finalized its policy on bank merger transactions. The FDIC's proposal ...

Our Financial Services Team studies the Federal Deposit Insurance Corporation’s plans to require insured depository institutions (IDIs) to keep specific records so that they know the actual owner of ...

WASHINGTON — The post-Synapse-bankruptcy rules holding banks accountable for the money fintechs place with them could keep consumers' funds safe but might also lead to blinding headaches for banks, ...

FDIC proposes banks identify beneficial owners of fintech accounts Synapse Financial's bankruptcy led to freezing of thousands of accounts DOJ withdraws 1995 bank merger guidelines in favor of broader ...

The Federal Deposit Insurance Corporation (FDIC) insures deposits of up to $250,000 per person, per ownership category, per bank. Bank networks, such as IntraFi Network Deposits and Impact Deposits ...