Tag: Federal Deposit Insurance Corporation
US regulators make U-turn on crypto rules for banks
The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve have withdrawn two joint statements concerning banks' crypto-asset activities.In its announcement, the FDIC explained...
Reports surface of FDIC drastically cutting US workforce
The Federal Deposit Insurance Corporation (FDIC) has reportedly told staff it plans to cut its workforce by around 20%.Reuters reported that it saw the...
Discover Bank to return over $1.2bn to merchants
The Federal Deposit Insurance Corporation (FDIC) has issued three orders to Discover Bank after it found the bank misclassified millions of consumer credit cards...
FDIC opens doors to crypto: Banks can now act without approval
The Federal Deposit Insurance Corporation (FDIC) has fueled crypto’s mainstream push across the US by allowing supervised banks to engage in crypto activities without...
Coinbase requests new federal guidance as crypto-banking links grow closer
Coinbase has requested federal regulators update guidance so banks can offer crypto custody and execution services directly or via third parties.Earlier this week, Coinbase...
US regulators call for input on bank-fintech risks
US banking regulators have issued a joint statement on bank-fintech risks and practices, requesting more information on these arrangements.The Federal Deposit Insurance Corporation, Board...
