News & Analysis as of

Federal Deposit Insurance Corporation Customer Protection Rule

The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain... more +
The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships.  less -
Goodwin

Financial Institution Diversity Voluntary Self-Assessments: Due September 30

Goodwin on

Financial Institution Diversity Voluntary Self-Assessments: Due September 30 - On July 13, the FDIC issued a financial institution letter announcing that FDIC-supervised financial institutions are encouraged to...more

Morrison & Foerster LLP

SEC Provides No-Action Relief For Broker-Dealer Sweep Programs

On March 30, 2020, the Securities and Exchange Commission (SEC) issued a no-action letter stating that the staff of the SEC’s Division of Trading and Markets would not recommend enforcement actions against broker-dealers that...more

King & Spalding

FDIC Issues Customer Cybersecurity Guidance

King & Spalding on

On March 8, 2016, the Federal Deposit Insurance Corporation (“FDIC”) released a special edition of its FDIC Consumer News publication series covering cybersecurity issues impacting banking customers (“Cybersecurity Release”)....more

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