Travis Hill, chair of the US Federal Deposit Insurance Corporation (FDIC), confirmed that, in his opinion, a law passed in ...

FDIC says stablecoin holders will not qualify for federal deposit insurance under new US rules, leaving digital dollar users without the protections given to traditional bank deposits.

Federal Deposit Insurance Corp. Chair Travis Hill said in a speech Wednesday morning that the agency will move to codify stablecoins as ineligible for deposit insurance — which is required under the ...

Worried about whether your cash is safe at your bank? You’re not alone. When Gallup surveyed Americans about their feelings regarding bank safety after the 2023 failures of Silicon Valley Bank and ...

House Financial Services Committee Chair Patrick McHenry, R-N.C., said Tuesday that it was "unlikely" that deposit insurance reform passes in the current Congress and that talks on deposit insurance ...

Banking has changed significantly since 2006, when the FDIC last updated its regulation on the official sign and advertising statement. Consumers are increasingly relying on internet and mobile ...

Stablecoin users won't benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis ...

Politicians in Washington have the shortest memories. Maybe that’s why they so seldom learn from their sometimes catastrophic mistakes. It was less than 20 years ago that the U.S. economy was ...