Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system.

Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system.

The Federal Deposit Insurance Corporation is a government agency that protects consumers' money and regulates financial institutions. The FDIC insures up to $250,000 per depositor, per insured ...

The agency is best known for its deposit insurance. As of December 31, the FDIC's Deposit Insurance Fund contained $137.1 billion. Under federal law, the FDIC must keep $1.35 in the fund for every ...

That’s the Federal Deposit Insurance Corporation’s standard limit, meaning any bank deposits up to that amount are protected by the independent government agency.

Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system.