Deposit insurance

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The idea that deposit brokers are trying to game the deposit insurance system and could contribute to another crisis is outdated.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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Remaking the FDIC by ripping up the rules

10/01/18

Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry.

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FDIC proposal would ease regs on certain deposits

09/13/18

The proposal, required by the regulatory relief package that Congress passed in May, would exempt the healthiest banks from having to count reciprocal deposits as brokered deposits.

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House panel moves bills on brokered deposits, CFPB — will Senate bite?

09/13/18

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

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6 takeaways as FDIC reports another record earnings quarter

08/23/18

A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book.

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