Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and ...

Uninsured depositors at Silicon Valley Bank and Signature Bank didn't lose money, but allowing that to happen caused a $20-billion hit to the FDIC's insurance fund, with repayment of the expense ...

Fifth Third Bank said the auto insurance practices singled out by the Consumer Financial Protection Bureau had already been voluntarily ended in 2019. (Stephen Zenner/SOPA Images/Sipa USA/AP) ...

The guaranteed deposits extend beyond the Federal Deposit Insurance Corporation (FDIC) fund insurance that promises depositors' funds up to $250,000 will be covered, and only a very small ...

Cash deposits in checking, savings, CD and money market accounts are covered by FDIC insurance. You’re covered per depositor up to $250,000 per ownership category at each bank. For example, if ...

Currently, the Federal Deposit Insurance Corp (FDIC)guarantees deposits of up to $250,000 per person, per bank. That limit was enshrined in law by the 2010 Dodd-Frank reform law passed following ...

The risk of bank runs could be lowered if lawmakers accept a new proposal from the Federal Deposit Insurance Corp. to boost deposit-insurance protection for businesses above the current $250,000 ...

The FDIC's Deposit Insurance Fund only had $128 billion in it at the end of 2022, and there's expected to be a $23 billion drawdown from it to cover the failures this year.

Expanding bank-deposit guarantees could come with risks, costs to consumers, experts say By Eleanor Laise Follow Last Updated: March 25, 2023, 10:59 a.m. ET First Published: March 24, 2023, 10:03 ...

A version of this article appears in print on May 2, 2023, Section B, Page 3 of the New York edition with the headline: F.D.I.C. Recommends That Congress Broaden Bank Insurance for Businesses.