Federal Deposit Insurance Corporation

20 results about this entity

Period: 20 Mar 2006 - 04 Nov 2024

Officials accused of cover-up over likely China hack of FDIC

China likely hacked computers at the Federal Deposit Insurance Corporation (FDIC) between 2010 and 2013 and the attacks were covered up by staffers at the regulator, according to a Congressional report.

FDIC seeks feedback on mobile financial inclusion

The Federal Deposit Insurance Corporation (FDIC) is seeking input from financial institutions, consumer groups and other stakeholders on its proposed efforts for exploring the potential of mobile financial services (MFS) to bring the underserved into the mainstream banking system.

Bank regulator IT examiners need more training - report

American banking regulators are sending staffers with "little or no" tech training to carry out IT examinations at smaller institutions, according to a report from the US Government Accountability Office (GAO).

Branches hold strong in face of digital onslaught - FDIC

Despite the rise of online and mobile banking, there has been only a modest decline in the number of branches in the US over the last few years, according to research from the Federal Deposit Insurance Corporation (FDIC).

Discover ordered to refund customers $200m over deceptive marketing

Discover Financial Services has been ordered by US authorities to refund around $200 million to more than 3.5 million cardholders that it mislead into buying unnecessary add-on products.

US agencies Fincen and FDIC rapped by US Government Accounting Office

The Federal Deposit Insurance Corporation has been rapped over the knuckles by the US Government Accounting Office (GAO) for failing to adequately secure its information systems. The Financial Crimes Enforcement Agency, meanwhile, has been taken to task for gaps in the rules on the criminal mis-use of stored value cards.

US regulators call for banks to "red flag" ID theft risks

US regulators are proposing the introduction of new rules that will require all banks to develop an identity theft prevention programme for customers that includes "red flags" to signal a possible risk of ID theft.

US regulators urge banks to plan for bird flu

US regulators are urging financial institutions across the country to devise contingency plans for dealing with a possible widespread outbreak of avian flu.