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 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 ...

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 ...

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 ...

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The US Senate on Thursday night confirmed Michael Selig as chairman of the Commodity Futures Trading Commission and Travis ...

Discover how PayPal’s bid to become a Utah-chartered industrial bank could transform small business lending in the U.S.

Comptroller of the Currency Jonathan Gould, an FDIC board member, supported the agency’s proposed budget but expects further ...