FDIC Tells Staff to Narrow Bank Examinations Ahead of Final Rule

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

Custody Battles: The FDIC's Latest Proposed Rule on FBO Accounts

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 ...
American Banker

FDIC proposes new custodial deposit rule, finalizes merger policy

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 ...
JD Supra

FDIC Proposes Rule to Establish Custodial Account Recordkeeping Requirements

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 ...
Reuters

FDIC final resolution planning rule increases requirements on large insured depository institutions

August 12, 2024 - On June 20, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a final rule (Final Rule) which will significantly increase the resolution planning requirements under 12 ...
Crowdfund Insider

Federal Deposit Insurance Corp (FDIC) Expected to Propose Rule on For Benefit Of (FBO) Accounts, Will Impact Fintechs: Report

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 ...
Crain's Cleveland Business

FDIC's brokered deposits rule raises concerns for community banks

A Federal Deposit Insurance Corp. initiative to revise regulations on brokered deposits is raising concerns among community banks, which are pushing back on the simmering proposal. Put simply, a ...
American Banker

FDIC reverses course on Trump-era brokered deposits and ILC rules

WASHINGTON — The Federal Deposit Insurance Corp. issued two proposals Tuesday, one to revise its standards on banks accepting brokered deposits and another on approvals of new industrial loan company, ...
Crowdfund Insider

Financial Technology Association Tells FDIC to Modify Rules on Custodial Deposits

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was ...
Due on MSN

Regulators boost deposit insurance limits

Regulators announced a plan to raise deposit insurance coverage, promising greater protection for savers if a bank fails. The ...
Hosted on MSN

FDIC insurance limits and how to insure excess deposits

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 ...