PYMNTS

JUNE 17, 2020

According to the Federal Deposit Insurance Corporation (FDIC), over half of all banks ended up reporting a decline in profits, and 7.3 In addition, the total number of problem banks the FDIC was watching rose for the first time since 2011, with 54 firms in the first quarter, up from 51. billion, Reuters wrote. billion, Reuters wrote.

FDIC 81

FDIC Government Governance Risk 81

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC 66

FDIC Legal Treasury Cash Management 66

PYMNTS

SEPTEMBER 8, 2016

With increasingly few exceptions, the ranks of the unbanked seem to be on the decline, according to new data released by the FDIC. According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 The percentage of Americans going without banking services fell to 7 percent in 2015 from 7.7

FDIC 65

FDIC Non-Bank Regulations Consumer 65

Payments Dive

OCTOBER 2, 2023

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

Agreements 104

Agreements FDIC Consumer Protection Laws 104

PYMNTS

MARCH 18, 2020

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). In 1987, parent banks were allowed to bypass FDIC oversight and regulations. .

FDIC 57

FDIC Regs FinTech Rules 57

Finextra

SEPTEMBER 6, 2024

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

FDIC 64

FDIC Rules Laws FinTech 64

The Fintech Times

JANUARY 31, 2025

.” The report is based on findings from Q2 PrecisionLenders proprietary database of 2024 commercial lending deal flow, along with economic data from public sources, including the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve.

Credit Union 105

Credit Union Federal Reserve FDIC Underserved 105

PYMNTS

MARCH 15, 2020

Waters wrote to Jelena McWilliams , chairwoman of the Federal Deposit Insurance Corporation (FDIC) , requesting the agency wait until new regulatory proposals on ILC charters are given the OK before any more of the charters are passed through. Because of that, retail businesses can have them.

FDIC 56

FDIC Rules Consumer Protection Addressing 56

Finovate

JANUARY 22, 2025

The free, FDIC-insured account offers 2.5% Ramp customers can use Ramp Treasury to store their cash in a free, FDIC-insured accountthat earns 2.5% The liquid FDIC-insured account does not charge fees, require a minimum deposit, or have transfer limits. Ramp debuts Ramp Treasury to help businesses earn interest on idle funds.

Treasury 59

Treasury FDIC CHIPS Reconciliation 59

Innovative Payments Association

DECEMBER 10, 2024

Changes are needed at the FDIC. Last week the Government Accountability Office (GAO) released a study regarding how the Federal Reserve and the FDIC ”Should Address Weaknesses in Their Process for Escalating Supervisory Concerns.” This suggests to me the FDIC is out of touch with the current marketplace.

FDIC 52

FDIC Due Diligence Federal Reserve Rules 52

The Finance Weekly

MARCH 16, 2023

These concerns grew on Sunday when New York’s Department of Financial Services closed Signature Bank, in order to “protect depositors” , and appointed the FDIC as the bank’s receiver. To top it off, this occurred on a Friday, meaning many executives and CFOs had to wait all weekend until Monday to take real action.

FDIC 264

FDIC Risk Compliance Addressing 264

The Paypers

APRIL 23, 2025

The Federal Deposit Insurance Corporation (FDIC) has published three orders against Discover Bank, Greenwood, and Delaware.

FDIC 41

FDIC 41

Payments Dive

FEBRUARY 12, 2025

The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.

FDIC 88

FDIC CFPB Laws 88

Payments Dive

JULY 20, 2023

The card company also disclosed during its latest earnings report that a pricing issue affected merchants and merchant acquirers, some of whom will get refunds.

FDIC 78

FDIC Acquirers 78

Finextra

MARCH 14, 2025

SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. Today, Block, Inc. NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc.

FDIC 52

FDIC Product Consumer Blocks 52

Finextra

MARCH 31, 2025

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

FDIC 81

FDIC 81

PYMNTS

NOVEMBER 14, 2018

The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. ” Recent research from the FDIC shows 20 percent of U.S. With that in mind, the FDIC suggests that in 2017, 14.8 million (or nearly 13 percent) of U.S.

FDIC 51

FDIC Federal Reserve Request for Information On-Demand 51

PYMNTS

JANUARY 7, 2021

Talk Android posts a letter from the company in which it says there will be "no immediate impact" to accounts and that users don't need to do anything right now, with their funds housed in FDIC insured accounts with BBVA. And, the company says it wants to make the transition "as smooth as possible" for customers.

FDIC 134

FDIC Credential Accounts Continuity 134

Payments Dive

JUNE 8, 2023

The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.

Risk Management 97

Risk Management FDIC OCC Risk 97

Payments Dive

MAY 2, 2023

Under the agency’s targeted coverage scenario, accounts used for payment purposes — specifically, business payment accounts— would merit higher deposit insurance coverage.

FDIC 89

FDIC Accounts Payroll Business Payments 89

Fintech Finance

JANUARY 20, 2025

Funds held in these accounts are FDIC-insured, giving businesses the confidence to explore new markets and take on new opportunities. Additionally, Lync offers competitive foreign exchange (FX) rates, making it the ideal solution for companies looking to expand globally and manage their finances efficiently.

Multi-Currency 97

Multi-Currency Global Payments Cross-Border Payments Cross-Border 97

Payments Dive

JANUARY 4, 2023

The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

FDIC 89

FDIC OCC Fed Risk 89

Payments Source

OCTOBER 9, 2018

Fintechs can get what they need from a traditional bank charter with the FDIC, as long as the agency is willing to play ball and step up its approach to innovation.

FDIC 98

FDIC FinTech Innovation OCC 98

The Paypers

JANUARY 15, 2025

The FDIC has set a 10 February deadline for BlackRock to resolve regulatory concerns about its investments in FDIC-regulated banks.

FDIC 36

FDIC Regulations 36

Finovate

MARCH 18, 2025

For years, SaveAway customers have been able to use the platform to establish a savings and purchase goal, set up autopay via their FDIC-insured SaveAway wallet, and then receive their item after the savings goal is met. The new capabilities expand the platform’s core functionality to fulfill purchases without relying on credit or debt.

FDIC 105

FDIC Consumer Product Finance 105

Payments Source

FEBRUARY 8, 2019

With the backing of these establishments and Federal Deposit Insurance Corporation (FDIC) protections, the cloud of uncertainty surrounding cryptocurrencies will begin to lift, writes Eric Solis, founder and CEO of MovoCash.

Cryptocurrency 104

Cryptocurrency FDIC Bitcoin Payments 104

Payments Source

JUNE 8, 2020

Recent steps that would help nonbank lenders enter the traditional banking system, like a proposal clarifying the industrial loan company charter, are needed but face strong opposition.

FDIC 80

FDIC FinTech Laws Regulations 80

The Payments Association

DECEMBER 17, 2024

Rajan and Montgomery join the ranks of the existing advisory board, including former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, Vice Chairman of Partners Capital and former CENTRE Consortium CEO David Puth, and Ripple co-founder and Executive Chairman Chris Larsen.

Stablecoins 88

Stablecoins Compliance Federal Reserve Cross-Border Payments 88

Payments Source

JULY 17, 2016

FDIC) narrowly avoided disaster when sensitive information for 44,000 agency customers was stored without proper security measures…on a personal storage device. Earlier this year, the Federal Deposit Insurance Corp.

FDIC 100

FDIC Breach Security Acquirers 100

Fintech Finance

DECEMBER 16, 2024

Federal Deposit Insurance Corporation (FDIC) and a key leader in building compliance for Cash App. The funding will drive Juicyway’s growth by supporting team expansion, technological advancements, and entry into new markets.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins Payments 98

Payments Source

MARCH 17, 2020

On the same day the Federal Deposit Insurance Corp. said it will soon rule on two applications, the agency also proposed benchmarks for all firms that want to own industrial loan companies.

FDIC 82

FDIC Rules Community Banks FinTech 82

Payments Source

FEBRUARY 19, 2021

It is looking to charter its own FDIC-insured institution to be a direct provider. Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses.

FDIC 87

FDIC Cash Management Credit Cards FinTech 87

Payments Source

MARCH 18, 2020

In signing off on deposit insurance for the payments giant and student loan servicer, the FDIC sanctioned the first new industrial loan companies in over a decade.

FDIC 85

FDIC Payments Regulations FinTech 85

Innovative Payments Association

JANUARY 14, 2025

The FDIC’s latest report shows that 96% of American households are banked—the highest level in nearly 20 years—thanks in part to diverse fintech offerings. Similarly, the FDIC proposes rules that could increase costs for these same products, undermining their accessibility and impact.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection 52

Payments Source

MARCH 18, 2020

In signing off on deposit insurance for the payments giant and student loan servicer, the FDIC sanctioned the first new industrial loan companies in over a decade.

FDIC 83

FDIC Payments Regulations FinTech 83

The Paypers

FEBRUARY 7, 2025

The Federal Deposit Insurance Corporation has made public 175 documents detailing its supervision of banks involved in or considering engagement with crypto-related activities.

FDIC 62

FDIC 62

Payments Source

AUGUST 31, 2017

The 3-year-old order was related to Discover Bank’s programs for combating money laundering. A related agreement with the Federal Reserve Bank of Chicago remains in effect.

FDIC 60

FDIC Federal Reserve Money Laundering Agreements 60