The Community Development Bankers Association (CDBA) and National Bankers Association (NBA) today announced that the Advancing Communities Together® (ACT®) Deposit Program has reached $100 million.

On October 24, FDIC announced a proposed rule to implement the Fair Hiring in Banking Act (FHB Act). The proposed rule amends 2 C.F.R. part 303, subpart L, and part 308, subpart M.

On November 14, 2023, the Federal Deposit Insurance Corporation (FDIC) published proposed revised regulations concerning Section 19 of the Federal Deposit Insurance Act, 12 U.S.C. § 1829 ...

WASHINGTON — The Federal Deposit Insurance Corp.'s board voted to issue a proposed rule on Thursday that would levy a 0.125% special assessment fee on banks' uninsured deposits over $5 billion. The ...

The FDIC's Deposit Insurance Fund was established under the Glass-Steagall Act in 1933 to safeguard customer deposits in the event of an FDIC-insured bank's failure. WASHINGTON — The Federal Deposit ...

Section 5 of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1815 (a), requires any proposed depository institution seeking federal deposit insurance to file an application with the FDIC.

The FDIC insurance limit of $250,000 includes principal and interest. If you deposit $250,000, and it earns $4,000 in interest, you are insured for only $250,000 if your bank fails.

by EZRA HERCYK | WSET Staff Fri, June 2nd 2023 at 6:37 PM ...