JD Supra

FDIC’s Hill targets stablecoin ‘pass‑through’ insurance in forthcoming proposal

On March 11, FDIC Chairman Travis Hill spoke at a banking industry summit, where he outlined a forthcoming proposal that would clarify that payment stablecoins subject to the GENIUS Act (covered by ...
Forbes

FDIC Advances Major Framework For Stablecoins And Tokenized Deposits

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Travis Hill, chairman of the Federal Deposit Insurance Corporation (FDIC), held a Board ...
JD Supra

FDIC Proposes New Requirements for Custodial Accounts to Qualify for Pass-Through

The Situation: On September 17, 2024, the Federal Deposit Insurance Corporation ("FDIC") approved a proposed rule ("the Proposal") that would establish new recordkeeping requirements for FDIC-insured ...
Crowdfund Insider

Senators Warren, Van Hollen, Demand Bank Regulators, Regulate Fintechs Further, Halt FDIC Pass Through Insurance

“The rapid growth of these partnerships risks harming consumers while posing a broader threat to the stability of our banking system and the economy. 1 These partnerships package services ...
Crowdfund Insider

Financial Technology Association Tells FDIC to Modify Rules on Custodial Deposits

The Financial Technology Association (FTA) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) telling them to modify rules designed to address custodial deposits. The letter was ...
Business Wire

Cross River Launches Service to Access FDIC Insurance Coverage on Large Deposits through API-Enabled Automated Sweeps Using the IntraFi Cash Service ®

FORT LEE, N.J.--(BUSINESS WIRE)--Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature ...