The FDIC issued a Financial Institution Letter (FIL-7-2025), clarifying that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval. FIL-7-2025 rescinds FDIC Financial Institution Letter 16-2022, entitled Notification... Read more »
The Federal Deposit Insurance Corporation (FDIC) approved a proposal to rescind its 2024 Statement of Policy on Bank Merger Transactions and withdraw four outstanding proposed rules on brokered deposits, executive compensation, corporate... Read more »
President Trump has nominated Jonathan McKernan, a former FDIC board member, to lead the Consumer Financial Protection Bureau. Source link Read more »
The Federal Deposit Insurance Corporation (FDIC) issued a proposed rule requiring insured depository institutions to adhere to new recordkeeping requirements for certain custodial deposit accounts that offer transactional features Source link Read more »
The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) separately issued final policy statements updating their approach to reviewing proposed bank merger transactions. Source link Read more »
The FDIC has proposed revised regulations implementing Section 19 of the Federal Deposit Insurance Act. Section 19 generally prohibits individuals convicted of certain offenses from participating in the affairs of an FDIC-insured... Read more »