Deposit insurance

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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Robinhood's checking account poses legal issues: SIPC chief

12/14/18

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

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'Jump right in, the shark infested water is just fine': Comments of the week

12/13/18

Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.

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Brokered deposits' bad rap is undeserved

12/11/18

The idea that deposit brokers are trying to game the deposit insurance system and could contribute to another crisis is outdated.

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FDIC seeks industry help in effort to revive de novo banks

12/06/18

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

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Banks set another record — and FDIC hits a milestone

11/20/18

Banks earned $62 billion in the third quarter thanks to tax reform and higher asset yields while the Deposit Insurance Fund crossed a statutory threshold.

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