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F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
Posted inBanking and Financial Institutions Bankruptcies Deposit Insurance Federal Deposit Insurance Corp Regulation and Deregulation of Industry

F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers

Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
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Posted by By Emily Flitter
Banking Deal Oversight Expected to Get a Major Revamp
Posted inBanking and Financial Institutions Federal Deposit Insurance Corp Justice Department Mergers, Acquisitions and Divestitures Regulation and Deregulation of Industry

Banking Deal Oversight Expected to Get a Major Revamp

The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and acquisitions in the banking industry.
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Posted by By Lauren Hirsch
How to Keep Your Money Safe if Your Online Lender Is Not a Bank
Posted inAssets, Frozen Banking and Financial Institutions Bankruptcies Evolve Bank & Trust Federal Deposit Insurance Corp Regulation and Deregulation of Industry Synapse Technology

How to Keep Your Money Safe if Your Online Lender Is Not a Bank

The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups.
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Posted by By Rob Copeland
$95 Million
Posted inBanking and Financial Institutions Bankruptcies E-Commerce Federal Deposit Insurance Corp Start-ups

$95 Million

The amount unaccounted for after the failure of a company that operated banking software for online financial start-ups.
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Posted by By Santul Nerkar

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