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, ...
Tag: FDIC
Watchdog office faults FDIC bank exam oversight
FDIC bank examinations are not always effective in identifying risks to customers and banks that participate in government-guaranteed loan programs, ...
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 ...
JPMorgan Chase to assume deposits, acquire assets of First Republic Bank
First Republic Bank in San Francisco was closed May 1 by the California Department of Financial Protection and Innovation, which ...
Post-mortem reports on bank failures highlight supervisory missteps, call for changes
Federal Reserve supervisors did not fully appreciate the extent of the vulnerabilities as Silicon Valley Bank grew in size and ...
FDIC: ‘Authorize positive, settle negative’ overdraft fees present risks of unfairness
APSN overdraft fees present risks of unfairness because the consumer cannot reasonably avoid receiving the fees due to the “complicated ...
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 ...
FDIC vice chairman: Don’t blame regulatory tailoring bill for bank closures
Legislation that gave the bank regulators broad discretion over how they supervised certain banks had nothing to do with the ...
ABA, BPI urge FDIC to rethink deposit insurance signage updates
An FDIC proposal to modernize its sign and advertising rules is welcome, but a less prescriptive approach would allow banks ...
