Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Proposal aims to attack misrepresentations of deposit insurance coverage by financial firms
Differentiating federally insured bank deposits from non-insured savings – for example, from financial products offered by non-federally insured financial firms, such as fintechs – is the aim a rule proposed Tuesday by the federal bank […]