FDIC blasts US agencies’ closed-off regulatory approach
FDIC Vice Chair Travis Hill blasted his agency and the SEC for their approach to digital assets, leaving…
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Federal Deposit Insurance Corporation
13 posts
FDIC agrees to up digital asset industry risk assessments
In addressing risks posed by digital assets, the FDIC is urged to set up timeframes to strategically assess…
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator’s…
Digital assets pose ‘novel and complex risks’ to US banking system, FDIC says
The FDIC’s annual Risk Review for 2023 is the first to be published since the banking chaos of…
OKCoin’s fake insurance claims draw the ire of FDIC
OKCoin exchange has claimed in at least three separate instances that its customers enjoy insurance protection, which the…
OKCoin Accused by FDIC of Making False Claims About Customer Protections
OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance…
Funds on payment platforms may not be FDIC insured, US regulators warn
The U.S. Consumer Financial Protection Bureau advises the public to be cautious in storing funds on payment platforms,…
First Republic’s crisis is not an isolated incident – suggests JPMorgan exec
The CIO of JPMorgan Asset Management said it’d be “naive to say that this is just limited to…
FDIC alleges Cross River engaged in ‘unsafe’ lending practices
Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound…
FDIC warns CEX.IO exchange against misleading insurance claims
The FDIC issued a cease and desist letter to CEX.IO demanding that it removes all references to FDIC…