Nov 26, 2023 | Economy News
Third-party guidance could have ‘chilling effect’ on BaaS, former FDIC chair warns Former FDIC Chair Jelena McWilliams raises concerns about the impact of new third-party guidance on bank-fintech partnerships. Former Federal Deposit Insurance Corp. (FDIC) Chair Jelena...
Nov 26, 2023 | Economy News
FDIC BOARD OF DIRECTORS NOTATIONAL VOTE: Final Rule on Special Assessment In a recent development, the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors has approved the Final Rule on Special Assessment through a notational vote. This decision...
Nov 26, 2023 | Economy News
FDIC Terminates First Republic Bank’s Hudson Yards Lease The Federal Deposit Insurance Corp. (FDIC) has terminated First Republic Bank’s lease for its large office space in Hudson Yards, according to reports. The lease, covering 212,000 square feet of...
Nov 26, 2023 | Economy News
Introduction The Deposit Insurance Fund (DIF) is facing larger costs than expected, with the nation’s largest banks now required to pay approximately $16.3 billion to cover losses from uninsured deposits at Signature and Silicon Valley Bank. This amount has...
Nov 26, 2023 | Economy News
House Republicans to Investigate FDIC Chairman Amid Allegations House Republicans on the Financial Services Committee have launched an investigation into Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg following allegations of workplace misconduct at...
Nov 26, 2023 | Economy News
FDIC to Conduct Third-Party Audit Following Report of ‘Sexualized’ Culture The Federal Deposit Insurance Corp. (FDIC) has announced that it will be conducting an external audit of its workplace culture following allegations of a “sexualized”...
