Tens of thousands of Americans saved money in fintechs that said their money was FDIC insured. When things went wrong, that wasn't exactly true.

The FDIC typically insures an account at a bank or savings institution for up to $250,000 in the event that your bank fails. FDIC insurance means you can feel confident about keeping money at an ...

The White House did not respond to Axios's request for comment. The FDIC is an independent federal agency that insures depositors for certain account types, up to $250,000, at more than 4,500 ...

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 honor a ...

Who Runs the FDIC? A five-member board oversees the FDIC. All of the members are nominated by the president and confirmed by the U.S. Senate. Two of the members are the director o ...

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that insures deposits in banks and savings institutions up to $250,000 per depositor. She and tens ...

End of carousel Last week, President Donald Trump fired Todd Harper and Tanya Otsuka, the Democratic board members of the National Credit Union Administration (NCUA), which supervises and insures ...

Neither discussed details of the case. The FDIC, formed in 1933 during the Great Depression, is an independent government agency that insures deposits at U.S. member banks, ensuring depositor ...

the FDIC is one of several banking system regulators today. The agency is best known for running the nation’s deposit insurance program, which insures Americans’ deposits up to $250,000 in ...