FDIC Proposes Rule to Facilitate Bank Participation in PPP, Money Market Facilities
To help provide certainty to banks participating in the Paycheck Protection Program and its associated lending facility, as well as the ...
Tag: Deposit insurance
ABA Data Bank: FDIC Insurance Fund at Record-High Balance
Since 2007, banks have more than doubled the balance of the FDIC insurance fund that protects deposits to a record ...
FDIC Issues Coronavirus-Related FAQs for Banks, Consumers
The FDIC today issued two sets of frequently asked questions addressing banker and consumer concerns related to the coronavirus pandemic.
FDIC Greenlights ILC Charters for Square, Nelnet
The FDIC today approved the deposit insurance application submitted by San Francisco-based Square, Inc., a payment services provider, to create ...
FDIC Proposes New Requirements for ILCs Seeking Deposit Insurance
The FDIC today issued a proposed rule to require certain conditions and commitments for each deposit insurance application approval by ...
FDIC Makes ABA-Advocated Change to Deposit Insurance Application Manual
The FDIC today announced several changes to its Deposit Insurance Application Procedures Manual.
FDIC Agrees with ABA Request, Will Return Residual Assessment Credits After Four Quarters
Ceding to ABA’s request, the FDIC agreed to rebate outstanding assessment credits after these have applied against premiums for four ...
ABA Urges FDIC to Return Assessment Credits ASAP
In a comment letter to the FDIC today, the American Bankers Association again called on the agency to return deposit ...
ABA Urges FDIC to Return Assessment Credits as Quickly as Feasible
ABA today welcomed the FDIC’s proposal to set how it applies deposit insurance assessment credits and urged the FDIC to ...
FDIC Issues Proposal on Assessment Credits
The FDIC today proposed to amend its rule that determines when assessment credits can be used.
