The Federal Deposit Insurance Corp. supervises banks and insures deposits so people don't lose their money when banks collapse.
Interest earnings on a $40,000 traditional savings account will be minimal this year, but it isn't the only option.
Proposed rules would mandate that banks holding custodial deposit accounts with transactional features maintain records of the underlying beneficial owner and the amount attributable to each ...
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 ...
FDIC says stablecoin holders will not qualify for federal deposit insurance under new US rules, leaving digital dollar users without the protections given to traditional bank deposits.
Senators Bill Hagerty and Angela Alsobrooks have introduced legislation that would raise the FDIC deposit insurance limit on noninterest-bearing transactions account balances from $250,000 to $10 ...