Deposit insurance

Fintech charters, CRA and data sharing: McWilliams, Otting weigh in

04/24/19

At a fintech event hosted by the FDIC, the agency’s chief and the head of the OCC offered their views on a wide range of matters.

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Look forward, not backward to fix FDIC's flawed brokered deposit rules

04/01/19

Current rules developed in the early 1990s were driven more by politics than facts.

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FDIC issues reg relief proposals tied to custodial funds, deposit records

03/29/19

The board of the Federal Deposit Insurance Corp. on Friday made several proposals meant to simplify post-crisis rules, prompting opposition from its most recent former chairman.

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Small banks about to catch break on deposit insurance premiums

02/28/19

The FDIC reserve fund is nearing a threshold that will trigger a temporary reprieve on deposit insurance premiums for banks with less than $10 billion of assets.

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Square's ILC bid is a regulatory end run

02/28/19

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

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Will FDIC keep protecting failed banks’ uninsured deposits?

02/14/19

Since the collapse of IndyMac in 2008, the agency has frequently helped to shield depositors over the $250,000 insurance limit from losses. But it’s a policy that was never formalized, and it remains to be seen whether the agency’s new head, Jelena McWilliams, will follow it.

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FDIC extends comment period on de novo bank process

02/12/19

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.

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Robinhood’s stumble is a wakeup call

12/21/18

The promotion of “insured” accounts by nonbanks and fintechs is a worrying trend, because it could leave customers falsely believing their accounts are just as safe as FDIC-insured ones.

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How regulators besides the OCC can help fintechs

12/17/18

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

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Bankers cry foul over Robinhood’s checking and savings accounts

12/14/18

The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

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