Tens of thousands of Americans saved money in fintechs that said their money was FDIC insured. When things went wrong, that wasn't exactly true.

Regulations are guardrails that protect customers. Be wary of deals with uncommonly high “sweetener” rates. They may have ...

Impact of the FDIC on the economy The FDIC helps people keep confidence in banks by ensuring they don't need to worry about losing money in accounts that are advertised as risk-free. With the FDIC ...

The 1,250 figure includes approximately 500 people who already agreed to the ... Monday’s memo aligns with previous reports that the FDIC began working with the Department of Government ...

CDs have captured people's financial imaginations recently ... another bank to take over the failing one. If that doesn't ...

In an internal email obtained by American Banker earlier in April, the FDIC's deputy to the chairman and chief operating officer said DOGE personnel working at FDIC were full-time federal employees ...

However, the FDIC cautioned that not every employee who applies will be approved for a buyout. "We generally do not expect to approve DRP applications for employees who work in resolving failed banks, ...

The engagement letter for this process must describe the work, provide the FDIC access to data, and require a comprehensive assessment report. In a concurrent action, the Fed issued an order ...