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The Latest Breaking News from FDIC

James Comer Gives FDIC Hard Deadline to Hand Over Documents Related to 'Politicized' Crypto Regulation

The House Oversight Committee launched the investigation a month ago over what he has described as the "debanking" of conservative individuals due to their political views or involvement in the crypto industry

Latin Times

Hundreds in DOGE purge had jobs not paid by taxpayers - lowering the amount of savings America sees by cuts

The recent firings at the Food and Drug Administration and the Federal Deposit Insurance Corporation ‘do nothing to reduce the federal budget’

The Independent UK

How to set and invest your emergency fund

For people who already have high-interest-rate debt, having an emergency fund can help guard against resorting to additional high-cost financing in a pinch

The Independent UK

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The top savings accounts earn up to 5.00% APY. See our list of the best high-yield savings account rates today, February 18, 2025

Some high-yield savings accounts are still offering rates around 5%. Check out our ranking of the highest savings account rates available today.

Fortune

The top savings accounts today earn up to 5.00% APY. See our listing of the best high-yield savings account rates of February 17, 2025

Some high-yield savings accounts are still offering rates around 5%. Check out our ranking of the highest savings account rates available today.

Fortune

Trump's choice to lead CFPB, McKernan, left FDIC Monday - Roll Call

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the agency.

Roll Call

"Debanking" dispute reaches Congress

Republicans held congressional hearings on crypto industry claims that traditional banks won't serve them

Salon

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President Trump Signs Executive Order On Cryptocurrency

Donald Trump has signed a crypto-focused executive order, highlighting some of the promises he made during his campaign.

International Business Times

Trump Ally Threatens Action If FDIC's Alleged 'Destruction' Of Crypto Choke Point Documents Proven

Sen. Cynthia Lummis said the FDIC has been accused of destroying materials related to Operation Choke Point 2.0, an alleged initiative by the Biden administration in coordination with regulators to block banks' engagement with digital assets.

International Business Times

BlackRock, Vanguard and State Street own huge amounts of bank shares—but only one agrees with FDIC policy on undue influence

Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump administration takes over later this month.

Fortune

Where to Store Your Cash in 2025

Take a fresh look at budgeting and savings opportunities for where to store your cash this year, to ensure you leave no stone unturned.

Kiplinger

Choke Point 2.0 Proof? Coinbase Obtains Additional FDIC Letters That Discouraged Banks To Use Bitcoin

Coinbase has revealed almost entirely unredacted letters from the FDIC to member banks that showed how it asked the member banks to not engage in some Bitcoin and crypto-related activities.

International Business Times

Here’s how a high-yield savings account can make your money work harder

You can 12x your returns with the right high-yield savings account. We’ll show you how.

Fortune

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

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Top News

Trump Transition Team Considering Streamlining Banking Regulation Agencies

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

Salon

Trump team targets bank regulators

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

The Independent UK

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

Fortune

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?

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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.

MarketBeat

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.

Fortune

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.

Investors Business Daily

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.

Fortune

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.

Top News

Kansas Bank CEO Embezzles M, Victims Recover Funds

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

The Independent UK

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

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