SoFi Technologies (NasdaqGS:SOFI) launched SoFi Earn (SOFIE), an FDIC-insured tokenized deposit product built on blockchain ...

Although their money was in FDIC-insured accounts, FDIC insurance doesn't cover failures of apps or intermediaries handling ...

The proposed rule represents a reversal of a policy statement by the FDIC in 2024 under President Joe Biden, which imposed ...

SoFi Technologies (SOFI) on Thursday announced the launch of the first and only national bank-issued tokenized deposit for consumers, SoFi Earn. Each SoFi Earn, or SOFIE, represents $1 held on deposit ...

She did everything right, spreading her retirement cash across two FDIC-insured banks so every dollar had a safety net. Then the banks merged, and a six-month clock started ticking down on half her ...

The Federal Deposit Insurance Corp.'s Board of Directors Tuesday issued a proposed rule for public comment that would revise how banks must display FDIC signage on digital interfaces and ATMs where ...

FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category — meaning a single person can protect far more than $250,000 by using different account types at the same ...

Knowing your money is safe should be your top priority when deciding where and how to invest your savings. That’s why the FDIC was created, in order to assuage consumer fears about banks going out of ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Federal Deposit Insurance Corp. acting Chair Travis Hill on Tuesday suggested the agency consider changing how it calculates the Deposit Insurance Fund's reserve ratio. Processing Content Hill, in ...

The fund’s balance increased by $4.8 billion to reach $150.1 billion, the FDIC said in a Monday (Nov. 24) press release outlining findings from its Quarterly Banking Profile for the third quarter.