The FDIC approved the bank's application on Dec 16. It still requires final approval from the Office of the Comptroller of ...

The proposed bank, backed by billionaire investor Peter Thiel, received conditional approval from the OCC in October.

The FDIC proposes rules for bank-issued payment stablecoins under the GENIUS Act, while corporate Bitcoin treasuries heat up, ...

The Federal Deposit Insurance Corp. gave the nod for Erebor Bank N.A. to receive deposit insurance coverage, a key step forward for the crypto-oriented lender as the Trump administration further ...

The Federal Deposit Insurance Corp. has proposed a formal framework allowing regulated banks to apply to issue payment stablecoins under the US GENIUS Act. The ...

The company also appointed an alum of SoFi, Green Dot and Goldman Sachs to serve as CEO of the proposed bank. The move comes ...

PayPal has applied to create its own bank, filing with Utah regulators and the FDIC to establish PayPal Bank, an industrial ...

The Federal Deposit Insurance Corp. issued a proposal setting application criteria for banks to issue stablecoins and sets a ...

U.S. banks are moving closer to issuing dollar-backed stablecoins after the Federal Deposit Insurance Corporation (FDIC) ...

McGuireWoods and Debevoise & Plimpton on behalf of plaintiff Capital One allege the Federal Deposit Insurance Corp. misinterpreted the statutory definition of 'uninsured deposit' to erroneously ...