News

Advertisers of deposit and non-deposit products. Subpart B of Part 328 is applicable to everyone, not just banks.
1 See FDIC, FDIC Issues A Proposed Rule To Modernize the Use of the FDIC Official Sign and Advertising Statement and to Clarify its Regulations Regarding False Advertising, Misrepresentations ...
As of December, more than 99% of U.S. deposit accounts held less than $250,000, and so were automatically covered by existing FDIC insurance, Gruenberg said.
The current FDIC deposit insurance limit is “$250,000 per depositor, per FDIC-insured bank, per ownership category.” But some critics argue the $250,000 limit is no longer high enough.
Non-banks’ use of banking lingo, FDIC logo draw scrutiny. Amid bank failures, FDIC sees an increase in false promises of deposit insurance ...
The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits. In a report released Monday, the FDIC suggests ins… ...
The Federal Deposit Insurance Corporation (FDIC) proposed a new rule that would require banks to keep better deposit records on ownership of funds controlled by their financial technology (fintech) ...