President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.
The Federal Reserve Board, FDIC and OCC said they will continue to work towards aligning capital requirements for banks with the final set of "Basel III" standards.
The FDIC warned supervised institutions against charging multiple non-sufficient funds fees on the same transaction.
The FDIC issued cease-and-desist orders to five crypto-related companies to demand the companies stop making statements claiming the FDIC insures various crypto exchanges or products.
The FDIC and the Federal Reserve Board issued a joint letter to a digital asset custodian stating that the firm has been making "false and misleading" statements that customers who have opened accounts benefit from FDIC insurance.