The House Financial Services Committee passed a number of bipartisan banking bills with wide margins, suggesting a growing ...

The most workable iteration of deposit insurance reform that the Federal Deposit Insurance Corp. considered in its after action report on the subject involved raising deposit insurance or making ...

Just days prior to the passage of the GENIUS Act on stablecoins by Congress, on July 14th, the Federal Reserve, Office of the Comptroller of ...

Key Points ・Not all credit unions are insured by the National Credit Union Administration (NCUA). Around 125 operate under private insurance. ・Ten states allow credit unions to opt for private ...

FDIC insurance covers deposit accounts, such as checking and savings accounts, CDs, and money market accounts. What FDIC insurance doesn't cover FDIC insurance is insurance on deposit accounts.

FDIC insurance covers up to $250,000 on individual deposit accounts in the event that the bank fails. That’s why many people prefer to keep their bank account balances under $250,000 .