A rule would be rescinded that requires banks with $2 million or more in deposits maintain detailed records and calculate deposit insurance coverage within 24 hours of a bank’s failure, under a proposal the federal […]
Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation […]
Updated questions and answers about regulations governing signs notifying customers and the public of federal bank deposit insurance coverage at covered financial institutions have been published by the insurance agency, it said Friday. The Federal […]
Deposit insurance for a new Utah-chartered bank owned by a financial arm of auto manufacturing giant Stellantis and which will focus on nationwide auto financing was approved by the federal insurance agency, it said Thursday. […]
Three small banks in Arizona, Florida and Alabama – the latter of which was 121 years old – have voluntarily ended their federal deposit insurance, their federal insurer said Friday. The Federal Deposit Insurance Corp. […]
Two banks for auto manufacturers Ford and General Motors were both granted deposit insurance, on a conditional basis, by the federal bank deposit insurance agency Thursday; the banks have one year to be established, the […]
Rules intended to simplify display of bank deposit insurance official digital sign and non-deposit signage on websites and mobile applications, as well as on ATMs, would be amended under a proposal issued Tuesday. The Federal […]
Forty-five more days are now available for commenting on the proposed deposit insurance recordkeeping rule for banks’ third-party (custodial) accounts, the federal insurer of bank deposits said Monday. With the addition of 45 days, the […]
Federally insured banks have a four-month reprieve from modernized federal deposit insurance official signage requirements under action taken Thursday by the Federal Deposit Insurance Corp. (FDIC). The FDIC Board voted during its open meeting to […]
A proposed rule to strengthen recordkeeping regarding deposits placed in insured depository institutions by third-party firms is out for comment until Dec. 2, according to a Federal Register notice Wednesday. The Federal Deposit Insurance Corp. […]
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