A provision of this Act created the FDIC, and along with it, deposit insurance. FDIC deposit insurance is guaranteed, or, in the organization’s own words, “backed by the full faith and credit ...

Part of the FIRREA was to have savings and loans backed by the FDIC. This act in 1991 helped to strengthen the power of the FDIC by allowing them to guarantee deposits in savings and loans ...

Acting Chair Travis Hill's push for quick weekend bank sales signals a break from past crisis strategies — but some experts ...

Accessing your insured deposits The Federal Deposit Insurance Act states that if a bank closes, insured deposits need to be available "as soon as possible." Generally, you can expect to have your ...

Bank of America must pay over half a billion dollars to the Federal Deposit Insurance Corp. for underpaying deposit insurance to the agency, a federal judge has ordered in an eight-year-old case.

The federal government established the FDIC through the Banking Act of 1933 in response to the banking crisis during the Great Depression. FDIC insurance of bank deposits, providing $2,500 in ...