ABA: No easy answers for changing deposit insurance
The conversation around deposit insurance policy is a complex one with no easy answers, and any changes will have implications ...
Tag: Deposit insurance
CFPB cautions against storing money on apps lacking deposit insurance
The CFPB issued a consumer advisory warning that many popular nonbank payment apps lack deposit insurance and therefore the protection ...
Gruenberg: Bank On helping to reduce the number of unbanked
Economic conditions alone can’t account for the drop in unbanked individuals and families in the U.S. over the past decade, ...
FDIC announces details of deposit insurance special assessment
The FDIC board voted 3-2 to propose a special assessment to make up for losses to the Deposit Insurance Fund ...
FDIC suggests ‘targeted’ coverage best option for deposit insurance reform
A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best ...
FDIC: Deposit insurance fund on track for recovery
The Deposit Insurance Fund could be replenished as early as 2024 under a restoration plan adopted by the FDIC last ...
Study: Banking apps make deposits less ‘sticky’ as rates rise
More robust mobile banking options correlate with a greater likelihood of losing deposits to better-yielding accounts or investments as interest ...
Gruenberg: Deposit fund assessment proposal coming in May
The FDIC estimates that the cost of resolving Silicon Valley Bank will likely be $20 billion, which will be recovered ...
Fed proposing to make master accounts data public
The Federal Reserve will seek public comment on a proposal to publish a periodic list of depository institutions that have ...
FDIC approves ABA-opposed increase in deposit insurance assessment rate
The FDIC board today unanimously voted to raise deposit insurance assessment rates for every bank by two basis points beginning ...
