Bank of America claimed its company's intent was not to avoid any payments to the Federal Deposit Insurance Corporation. Bank of America faces a $540 million bill after a federal judge ordered the ...

The Federal Deposit Insurance Corp., an independent federal agency, serves several functions. Arguably its most important job is insuring money you’ve deposited at an FDIC-member bank.

Bank of America must pay over half a billion dollars to the Federal Deposit Insurance Corp. for underpaying deposit insurance to the agency, a federal judge has ordered in an eight-year-old case.

Meanwhile, a federal hiring freeze and staff reductions have left the Federal Deposit Insurance Corp. shorthanded. In January, the administration rescinded job offers to more than 200 new bank ...

Travis Hill, acting chair of the Federal Deposit Insurance Corp., says the agency will waive a requirement in banks’ so-called living wills so they’re no longer built around a hypothetical ...

Federal Deposit Insurance Corporation. “Deposit Insurance.” Capital One. “Account Disclosures,” see “Electronic Fund Transfer Disclosure Statement.” Chime. "How to Deposit Cash Into ...

The Federal Deposit Insurance Corp. on Friday narrowed the requirements big banks must follow when submitting emergency wind-down blueprints — known as resolution plans — in an attempt to streamline ...

President Donald Trump's proposed plan to establish a 10% tariff floor across the board, along with changes at the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau, are ...

The Federal Reserve Board and the Federal Deposit Insurance Corp. have withdrawn several statements regarding banks' crypto-related activities in an effort to support innovation and clarify ...

Both institutions are federally insured: As a bank, USAA is covered by the Federal Deposit Insurance Corp. (FDIC). As a credit union, Navy Federal is covered by the National Credit Union ...

Along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, the Federal Reserve withdrew from two 2023 statements concerning banks interacting with ...

Currently, the highest average CD rate is 1.78% APY for a 12-month CD, according to the Federal Deposit Insurance Corporation (FDIC), but many banks and credit unions offer CDs that pay ...