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Federal Deposit Insurance Corporation › Financial Products

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 -
Dechert LLP

President’s Working Group on Financial Markets Issues Report on Stablecoins

Dechert LLP on

The President’s Working Group on Financial Markets (PWG), joined by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (OCC), released a Report on Stablecoins (Report) on November 1,...more

A&O Shearman

US Stablecoin Regulation: Bringing Stablecoins Into the Regulatory Fold

A&O Shearman on

On November 1, 2021, the President’s Working Group on Financial Markets (“PWG”), joined by the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”), released a report on...more

Pillsbury Winthrop Shaw Pittman LLP

Financial Services Regulation in a Biden Administration: Personnel Is Policy

Pillsbury Winthrop Shaw Pittman LLP on

A closely divided Congress will limit financial services legislation but Biden appointees in key regulatory positions will have a large impact on the financial services policy agenda. The Biden administration is likely to...more

Manatt, Phelps & Phillips, LLP

FSOC on Fintech Risks, Cybersecurity Vigilance

Manatt, Phelps & Phillips, LLP on

An annual report from the Financial Stability Oversight Council (FSOC) recently focused on the risks presented by the burgeoning fintech industry as well as the continuing "pressing concern" of cyber threats and...more

Manatt, Phelps & Phillips, LLP

FDIC Panel Considers Mobile Financial Services For Underbanked

Manatt, Phelps & Phillips, LLP on

How can financial institutions better serve underbanked individuals? - An advisory panel convened by the Federal Deposit Insurance Corporation (FDIC) met recently to discuss possible answers to this question....more

Carlton Fields

CFPB Continues Assault On Add-On Financial Products

Carlton Fields on

The Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Options Clearing Corporation (OCC) have again required multimillion dollar refunds and penalties related to marketing...more

Orrick - Finance 20/20

FDIC and CFPB Settle with American Express Centurion Bank Charges of Unfair and Deceptive Practices

Orrick - Finance 20/20 on

On December 24, the FDIC and CFPB announced a settlement with American Express Centurion Bank concerning charges of unfair and deceptive marketing practices related to credit card “add-on products” in violation of Section 5...more

Foley & Lardner LLP

"Money Smart for Older Adults" Provides Valuable Information for All Consumers

Foley & Lardner LLP on

On June 12 the Federal Deposit Insurance Corporation (“FDIC”) and Consumer financial Protection Bureau (“CFPB”) jointly launched a new financial resource tool, “Money Smart for Older Adults”, with the goal of helping older...more

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