The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of ...
Federal Deposit Insurance Corp. Acting Chair Travis Hill said Thursday morning that the agency's first proposed rules under ...
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FDIC Chair confirms plans for tokenized deposit insurance guidance
The FDIC chair has confirmed that it is developing guidelines for tokenized deposit insurance. The guidance under development is expected to help banks and their partners understand how tokenized ...
The FDIC has issued a proposed rule that would apply to practically all bank-fintech arrangements that use custodial deposit accounts to provide customers with transactional features (also called "FBO ...
The Federal Deposit Insurance Corp. (FDIC) is expected to propose new rules impacting For Benefit Of (FBO) accounts which will affect the neobanking sector. According to a report by Bloomberg, the ...
Our Financial Services Team studies the Federal Deposit Insurance Corporation’s plans to require insured depository institutions (IDIs) to keep specific records so that they know the actual owner of ...
The collapse of the Silicon Valley Bank in March 2023 left many depositors worrying about the safety of their bank deposits and by extension, their brokerage account deposits. You might be wondering: ...
Ark., said he wants to consider a range of ideas on how to improve deposit insurance and other issues facing community banks ...
NEW YORK (Thomson Reuters Regulatory Intelligence) - Some of the largest U.S. banks are grappling with a relatively new regulatory requirement that forces them to identify all of their insured ...
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