The Latest Breaking News from FDIC

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce?

Here are the money market accounts that made our top 10 based on their APY, minimum opening deposit, maintenance fees, and customer service options.

If your crypto exchange goes under, you could have a difficult time recovering your money.

Current is putting a spin on traditional banking, but its digital-first approach may not be the best fit for every consumer.

Savers might find that UFB’s high rates complement their existing banking relationship.

WASHINGTON — A bipartisan group of senators is supporting “industrial loan company” charters, a move that puts them at odds with House legislation over a controversial pathway for financial technology companies to access the traditional banking system.

Nine senators from both parties are urging the FDIC to give fair consideration to industrial loan company charters.

The number of Americans who do not have a bank account fell to a record low last year, as the proliferation of online-only banks and an improving economy is bringing more Americans into the traditional financial system

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…