The FDIC also determined that loan officers or LPOs misrepresented their relationships with the VA to consumers. FDIC also alleges that the bank “entered into certain co-marketing arrangements ...

In 2017, the FDIC sued the second-largest U.S. bank for failure to pay $1.12 billion in deposit insurance assessments in violation of the Federal Deposit Insurance Act, and claimed the bank had ...

The FDIC spent more than $100 million in the 1980s to build a training complex in Arlington, Va., that included a hotel for agency staff with more than 350 rooms, an outdoor pool and a rooftop patio.

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure it later expanded to $1.12 billion — alleging that the banking giant failed to ...

The Federal Deposit Insurance Corporation (FDIC) has long been a cornerstone of financial security for Americans. However, recent actions by President Donald Trump have raised concerns about ...

The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused ...

Suffolk-based TowneBank‘s $120 million acquisition of Midlothian‘s Village Bank and Trust Financial Corp. has been approved by the FDIC and the Virginia State Corporation Commission, clearing the way ...

Following the report, FDIC Chair Martin Gruenberg testified to Congress on the issues in May, but outgoing House Financial Services Committee Chair Patrick McHenry, R-N.C., and other Republicans have ...

Recent FDIC coverage changes limit the number of beneficiaries Timing is everything, and the day after my interview with Becker, 89-year-old “Martha” phoned my office, upset. “Mr.