Deposit insurance

FDIC sign getting makeover for digital age

02/20/20

The agency said it wants feedback on changing its ubiquitous logo greeting customers at branches and ATMs to address technological changes, shifting consumer behaviors and bank-nonbank partnerships.

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Senate Republicans target banks refusing services to ICE contractors

02/14/20

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

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Trump nominee for Fed seat gets cold shoulder from senators

02/13/20

Both Democrats and Republicans aired concerns about controversial statements made by Judy Shelton on monetary policy, deposit insurance and other issues, raising doubts about her confirmation.

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Charges in Equifax hack; Varo Money passes FDIC test

02/11/20

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.

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FDIC brokered deposits plan aims to give banks flexibility

12/12/19

The proposal comes after years of criticism that the current policy stifles innovation and hamstrings banks' ability to raise funds.

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FDIC chief pitches brokered deposit rewrite, urges Congress to do more

12/11/19

Chairman Jelena McWilliams previewed a proposal to update the agency’s definition of brokered funds, but also suggested steps lawmakers could take to improve the rule’s underlying statute.

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Robinhood to pull application for national bank charter

11/27/19

The fintech firm, which had made prior attempts to offer a federally insured consumer account product, said it has “no plans at this time” to become a bank.

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Daley reunites with Scharf at Wells; Capital One demotes cybersecurity chief

11/08/19

The two previously worked at BNY Mellon in similar roles, Scharf as CEO and Daley as head of public affairs; Michael Johnson’s demotion follows the bank’s massive data breach in July.

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Three bank failures in one week: A blip or something worse?

11/05/19

Recent closings could portend a stiffer regulatory stance on capital adequacy and risk.

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Bank failure in New Jersey is nation's third in a week

11/01/19

The FDIC sold the operations of City National Bank of New Jersey, a minority depository institution, to Industrial Bank in Washington, D.C., in the year's fourth closure.

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