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The Latest Breaking News from FDIC

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

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

From analysis to the latest developments in health,
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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

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

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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

If you're looking to reach year-end savings goals, here are the top picks to achieve this.

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

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

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

Fortune

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.

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.

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