23june01

Bureau warns digital payment apps not covered by deposit insurance; urges consumers to transfer to insured banks, credit unions

June 1, 2023 0

Billions stored on digital payment apps such as Venmo and PayPal (among others) used by consumers may lack federal savings insurance, the federal consumer financial protection agency warned Thursday; it urged those consumers to transfer […]

No. 2 at FDIC bemoans shift in emphasis of innovation office from external to internal

June 1, 2023 0

The refocusing of a tech department at the federal bank deposit insurance agency from an external view to an internal one was bemoaned Thursday by the vice chairman of the agency’s board, who called the […]

Credit union regulator opens comments on charitable donation accounts proposal for war veterans’ groups

June 1, 2023 0

Comments are now being accepted on a proposal to amend the charitable donation accounts section of the federal credit union regulator’s rules to allow donations to war veterans’ groups, the agency said Thursday. The deadline […]

Bureau warns digital payment apps not covered by deposit insurance; urges consumers to transfer to insured banks, credit unions

No. 2 at FDIC bemoans shift in emphasis of innovation office from external to internal

Credit union regulator opens comments on charitable donation accounts proposal for war veterans’ groups

UPDATED: NCUA targets record retention, catastrophic act reg in latest deregulation round

Credit union assets close 2025 at $2.43 trillion, loans at $1.72 trillion; net interest margin up