FDIC Tells Staff to Narrow Bank Examinations Ahead of Final Rule

The Federal Deposit Insurance Corp. is instructing its bank examiners to focus their supervision on “material financial risks ...
JD Supra

FDIC’s Proposed Changes to Custodial Deposit Accounts: Practical Implications for Fintechs and Their Banks

The Federal Deposit Insurance Corporation (FDIC) issued a Notice of Proposed Rulemaking (the Proposal) on September 17, 2024, that seeks to strengthen recordkeeping for bank deposits held by nonbank ...
JD Supra

FDIC Issues Narrow Interpretation of ATM Exception in Definition of Domestic Branch

On August 9, 2024, the US Federal Deposit Insurance Corporation (FDIC) issued an interpretation of the exclusion of automated teller machines (ATMs) and remote service units (RSUs) from the definition ...