The Latest Breaking News from FDIC

Savers might find that UFB’s high rates complement their existing banking relationship.

WASHINGTON — A bipartisan group of senators is supporting “industrial loan company” charters, a move that puts them at odds with House legislation over a controversial pathway for financial technology companies to access the traditional banking system.

The Fed and FDIC consider how to test banks' resilience under various climate scenarios, but say they aren't stress tests.

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Simply surviving remained one of his greatest accomplishments on top of running businesses to fast growth.

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

People with low educational attainment or family income, people who live in the South, and Black people all have lower bank account ownership rates.

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Abaca and Pacific Valley Bank (OTCPK:PVBK), are partnering to expand access to cannabis banking in the California market.