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Trump's transition team, FDIC, OCC, and the Treasury department did not immediately respond to Reuters' request for comment. Trump advisers seek to shrink or eliminate bank regulators, WSJ reports ...
By Pete Schroeder. WASHINGTON (Reuters) - The potential next head of a U.S. banking regulator laid out a sweeping plan on Friday to adopt a lighter touch on the banking industry on matters ranging ...
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the
The Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to depositors in U.S. commercial banks and savings banks. The FDIC was created by the 1933 Banking Act, enacted during the Great Depression to restore trust in the American banking system. Member banks' insurance dues are the primary source of funding.
[3] These rules increased pressure on banks to make mortgage home loans to inner-city and rural areas. [4] Savings and loans were no longer allowed to acquire "junk bonds" (aka High-yield debt) and were required to dispose of their holdings of these bonds by 1994. They were also required to mark them to the lower of cost or market value. [5]
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
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The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases, including banking services. Under the finalized rule from the ...