As part of the shift, FDIC Acting Chair Travis Hill said the agency is eliminating the need for banks to include hypothetical failure scenarios and bridge bank strategies in their next round of ...

According to the email, sent internally Thursday afternoon to FDIC staff by Dan Bendler, the FDIC's Deputy to the Chairman and Chief Operating officer, a small cohort of full-time government employees ...

The Federal Deposit Insurance Corp. will no longer instruct banks to get prior sign-off before they engage in crypto activities — a standard that was set in 2022 and that effectively severed ...

The Federal Deposit Insurance Corporation (FDIC) has issued new guidance allowing banks it supervises to engage in bitcoin and crypto activities without seeking pre-approval. This reverses a ...

That changed on Tuesday, when Acting FDIC Chairman Travis Hill previewed during a speech at the American Bankers Association Washington Summit that the FDIC intends to issue updated FAQs in the ...

WASHINGTON, March 28 (Reuters) - Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities. The Federal Deposit ...

The move reverses previous FDIC policy, which required banks to clear any crypto activities in advance. "The FDIC is turning the page on the flawed approach of the past three years," said acting ...

The dispute was about payments from 2013 to 2014. The FDIC initially sued the bank for a larger sum. The judge dismissed some claims due to the delay. Photo credit- AP A federal judge has ordered ...

In coming days, the Federal Insurance Deposit Corp. ("FDIC") will waive several requirements in the plans banks are required to draw up for an orderly wind-down, should a bank fail, what are ...

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 ...

Instead, the regulator will look for updated resolution plans focused “more specifically on providing the FDIC the information it needs to rapidly market the institution and, if needed ...