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2948 News Results
June 06, 2023

In a report highlighting its activities during 2022, the FDIC Office of the Ombudsman highlighted "[i]nsufficient or delayed communication" with bank management during the FDIC examination process and "[l]imitations in core banking systems" as causes for stakeholder concern.

June 02, 2023

In an analysis of deposit insurance coverage on funds stored through payment apps, the CFPB Office of Competition and Innovation and Office of Markets highlighted that U.S. consumers store "billions of dollars" on these apps and that "funds stored in a payment app may be at significantly higher risk of loss for a consumer than if it is deposited in an insured bank or credit union account."

June 02, 2023

A bipartisan group of Senators on the Banking, Housing and Urban Affairs Committee revised a bill to provide that "the Federal Deposit Insurance Corporation and appropriate Federal regulators have the authority to claw back certain compensation paid to executives."