The Federal Deposit Insurance Corp. and a Kansas bank reached a settlement in the bank’s challenge to a $20.4 million ...
A fraudster named Friday was arrested on Friday in Davie for his role in a six-figure bank scam targeting a woman who lives in the town, police said in court documents made public on Wednesday.
Joseph Brooks of the FDIC Legal Division argued during a Tuesday hearing that only the FDIC could bring the claims asserted by Kessler Topaz Meltzer & Check and Bernstein Litowitz Berger & ...
A Nicaraguan citizen was brought to Miami from Spain this week on federal charges tied to the man's alleged wire fraud and money-laundering operation. As part of the joint investigation by the Federal ...
Notice from the Federal Deposit Insurance Corporation that the New Jersey Title Guarantee and Trust Company has failed, is tacked up on the door of the $23,000,000 bank in Jersey City. Very little ...
New legislation in Congress vows to protect Main Street, but the specifics suggest something else entirely. The proposal, called the Main Street Depositor Protection Act, would raise the Federal ...
Officials from both parties are pushing to raise the FDIC insurance limit from $250,000 to $10 million. But not only millionaires would benefit. Money; Getty Images In a rare moment of bipartisan ...
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 ...
The Federal Deposit Insurance Corporation (FDIC) insures deposits of up to $250,000 per person, per ownership category, per bank. Bank networks, such as IntraFi Network Deposits and Impact Deposits ...
Each government failure becomes an excuse to do more of what failed. It is sad but not surprising to see this expensive and destructive cycle of failure repeat itself with banking regulation.
The Main Street Depositor Protection Act would expose taxpayers to enormous risk, eliminate crucial market discipline and primarily benefit wealthy corporations rather than ordinary Americans. The ...