Oct 13, 2023 | Banking News
The Importance of Deposit Insurance: FDIC Launches Campaign The Federal Deposit Insurance Corporation (FDIC) has taken a proactive step to educate the public about the significance of deposit insurance. This campaign aims to address concerns arising from recent bank...
Oct 13, 2023 | Banking News
FTC Sues Bankrupt Voyager CEO for Falsely Claiming FDIC Insurance The Federal Trade Commission (FTC) has recently filed a lawsuit against the CEO of Voyager, a cryptocurrency brokerage platform, for falsely claiming to have FDIC insurance. The CEO, whose company is...
Oct 12, 2023 | Banking News
The Impact of FDIC’s Proposed Rule on Corporate Governance: Higher Compliance Costs for Community Banks Introduction The Federal Deposit Insurance Corp. (FDIC) has proposed a new rule relating to corporate governance that could have significant consequences for...
Oct 12, 2023 | Banking News
FTC Sues Voyager CEO for False FDIC Insurance Claims in Bankruptcy Introduction The Federal Trade Commission (FTC) has filed a lawsuit against the CEO of Voyager, a bankrupt cryptocurrency company, for making false claims about having Federal Deposit Insurance...
Oct 12, 2023 | Banking News
FTC Sues Bankrupt Crypto Company Voyager’s CEO over False FDIC Insurance Claims The Federal Trade Commission (FTC) made headlines on Thursday as it settled with the bankrupt cryptocurrency company Voyager, imposing a permanent ban on the firm from handling...
Oct 12, 2023 | Banking News
Set phasers to false: FTC challenges crypto company Voyager’s bogus “FDIC insured” claim In a shocking turn of events, the Federal Trade Commission (FTC) has exposed Voyager Digital, a cryptocurrency outfit, for making false claims about its accounts being “FDIC...
