News | FDIC.gov
Follow our news stories, read speeches and testimony by FDIC officers and directors, learn about important policy changes, and get the details on upcoming FDIC conferences and events.
FDIC: Federal Deposit Insurance Corporation
News. The FDIC publishes regular updates on news and activities. Keep up with FDIC announcements, read speeches and testimony on the latest banking issues, learn about policy changes for banks, and get the details on upcoming conferences and …
FDIC Consumer News
Dec 5, 2024 · FDIC Consumer News is the FDIC's monthly newsletter to consumers, providing practical guidance on how to become a smarter, safer user of financial services, including helpful hints, quick tips, and common-sense strategies to protect and stretch your hard-earned dollars.
FDIC Issues Cease and Desist Letters to Five Companies For …
Aug 19, 2022 · For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading statements.
First–Citizens Bank & Trust Company, Raleigh, NC, to Assume All ...
Mar 26, 2023 · WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First–Citizens Bank & Trust Company, Raleigh, North Carolina.
FDIC Approves 2025 Operating Budget | FDIC.gov
Dec 17, 2024 · WASHINGTON — The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a 2025 Operating Budget of $3 billion, a 2.2% increase from the previous year’s budget.
Consumer News . Even in today’s digital and mobile world where electronic money transfers are common, consumers and businesses may still prefer the assumed security of paper cashier’s checks or ofcial bank checks for large or major payments. Recipients generally prefer one of these checks over a personal check because the
Agencies Issue Proposal on Incentive-Based Compensation - FDIC
May 6, 2024 · - The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer ...
Extension of the Revised Statement Regarding Status of Certain
Dec 27, 2024 · On December 22, 2020, the federal banking agencies revised the interagency statement to extend the expiration of the no-action position and clarified the eligibility criteria for such relief. The revised statement was also extended on December 1, 2021, December 22, 2022, and December 15, 2023, until January 1, 2025.
Deposit Insurance Fund Restoration Plan Semiannual Update
Oct 17, 2024 · As required by the Federal Deposit Insurance Act,1 the FDIC has been operating under a Restoration Plan since September 15, 2020.2 At that time, extraordinary growth in insured deposits caused the Deposit Insurance Fund (DIF) reserve ratio to decline below the statutory minimum of 1.35 percent.