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The Latest Breaking News from FDIC

The fintech company that collapsed and took $90 million of people’s life savings with it

One woman had $280,000 disappear after the collapse of a fintech company. She only ended up getting $500 back

The Independent UK

Trump Transition Team Considering Streamlining Banking Regulation Agencies

Trump transition team considers consolidating banking oversight agencies to streamline functions and potentially downsize the FDIC.

Top News

Trump team targets bank regulators

The move would have a massive impact on agencies in charge of protecting consumers' money

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump’s team has reportedly asked about closing a bank regulator - and it could put savings at risk

Any move to eliminate the FDIC would require Congressional approval

The Independent UK

As accusations of 'debanking' grip Silicon Valley, the crypto industry is still waiting for a smoking gun

Did regulators prevent banks from working with crypto companies and founders for political reasons?

Fortune

Debanking hurts everyone. It’s time to end it once and for all

Access to banking should not be arbitrarily withheld from law-abiding Americans write two crypto VCs.

Fortune

10 Safe Investments with High Returns

Discover 10 safe investment options offering high returns, from high-yield savings to REITs. Learn how to balance safety and growth in your portfolio.

MarketBeat

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More Americans than ever have bank accounts—FDIC boss credits this key technology

A simple banking innovation solves nearly every problem unbanked users say keeps them from getting an account.

Fortune

IBD's Best HSA Accounts For 2025: How To Find The Right One For Your Retirement Goals

Make the most of your health savings account. This list spotlights HSAs with a winning combination of low fees, quality investment options and low investment minimums.

Investors Business Daily

Bitcoin users are largely rich, white and banked, according to a new FDIC poll of 30,000 households

The FDIC polled 30,000 households about their crypto use, and made some surprising discoveries.

Fortune

Kansas Bank CEO Embezzles M, Victims Recover Funds

Former bank CEO sentenced to 24 years for embezzling million, victims reimbursed, shareholders compensated.

Top News

A courtroom of relief: FBI recovers funds for victims of scammed banker

Cheers and sobs of relief broke out in a federal courtroom in Kansas as dozens of people whose life savings had been embezzled by a bank CEO learned federal law enforcement had recovered their money

The Independent UK

Deposit insurance: How to insure more of your hard-earned money

Find out how to maximize deposit insurance coverage of your cash held at banks and other financial institutions.

The Street

JPMorgan banking strategy is challenging predatory lenders on their home turf: banking deserts

JPMorgan says its new banking model is now profitable, which could spell trouble for competitors looking to serve the unbanked.

Fortune

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Kiplinger

Where To Put Your Money As Interest Rates Drop

Earning 5% returns on your money is slowly coming to an end. Even so, there are places to put your money that still make sense.

Investors Business Daily

Best Banks In Trust: Schwab Takes Top Honors For A Second Year

Schwab Bank takes top honors in IBD's 2024 survey of the 30 Most Trusted Financial Companies, as well as leading within the bank category by focusing on soundness, quality, prices and service.

Fortune

The best online checking accounts you need to know about

Maximize your money with our guide on the best online checking accounts

Roll Call

FDIC nominee promises 'complete overhaul' of agency culture - Roll Call

President Biden's nominee to lead the FDIC told senators Thursday that she would change the culture at the embattled agency.

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International Business Times UK

Bank Teller Shares Why You Shouldn't Have Over $3K In Your Chequing Account: 'It's Not As Safe As You Think'

Checking accounts shouldn't hold a fortune! They miss out on interest and protections. Break up large sums for better growth and security.

International Business Times

Coinbase Sues SEC For 'Prosecuting' Crypto Firms, Seeking To 'Destroy' Industry

Coinbase sued the SEC and FDIC on Thursday, accusing the U.S. financial regulators of seeking to destroy the digital assets industry and purposefully working to de-bank crypto firms.

Kiplinger

When Deciding Where to Put Idle Cash, Consider These Three Factors

While interest rates remain high, you can put idle cash to work, but be sure to look at the rate of return, security and liquidity of your options.

Top News

Biden To Nominate Goldsmith Romero As FDIC Head

Christy Goldsmith Romero nominated to lead FDIC after workplace abuse allegations against Gruenberg.

Roll Call

Biden chooses CFTC's Romero to replace Gruenberg as FDIC head - Roll Call

President Joe Biden will nominate CFTC member Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation.

Kiplinger

Nine Things to Keep in a Home Safe

Put these valuables in a home safe, not a bank safety deposit box (or under a mattress). You'll be glad you did.

Top News

Yellen Expects Quick FDIC Nominee Announcement From White House

The White House is actively working to select a nominee for the FDIC, emphasizing transparency and accountability in the process.

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