FDIC says credit card balances dropped in Q1

May 27, 2021
Sure, we're putting some purchases on credit cards, but we're still not getting out the plastic for big travel expenses.
Spencer Platt/Getty Images

FDIC campaigns to get the unbanked to open accounts

Apr 7, 2021
Over 7 million Americans don't have bank accounts. One big incentive to opening one: direct deposit of federal relief payments.
There are plenty of reasons why disadvantaged communities might avoid the banking system, but one benefit is the ability to deposit relief money.
Justin Sullivan/Getty Images

Why commercial lending fell last quarter despite low interest rates

Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
Johannes Eisele/AFP via Getty Images

U.S. households had better bank access in 2019, FDIC says. And then the pandemic happened.

A higher unemployment rate and economic turmoil means the number of unbanked households could rise again.
Justin Sullivan/Getty Images

There have only been a handful of Black financial regulators, for generations

Sep 7, 2020
Only 10 of 327 top financial regulators appointed by the president and confirmed by the Senate were Black.
About 3% of the financial regulators that oversee Wall Street have been Black, according to a report out from Georgetown University.
Angela Weiss/AFP via Getty Images

How the FDIC approaches cryptocurrencies

Nov 5, 2019
Is it an asset or a security? Jelena McWilliams, head of the banking insurance agency, talks about balancing innovation and regulation.
FDIC chairman Jelena McWilliams talks with Treasury Secretary Steven Mnuchin about financial technology, or fintech, in April 2019 in Arlington, Virginia.
Chip Somodevilla/Getty Images

Did the government meddle too much during the financial crisis?

Mar 13, 2018
The former head of the Federal Deposit Insurance Corp. shares her perspective.
 Sheila Bair.
Chip Somodevilla/Getty Images

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If nominated, the new chairman of bank overseer FDIC could support less regulation

Jun 20, 2017
The board of the Federal Deposit Insurance Corporation, which regulates many of the country’s smaller banks and oversees the “living wills” of larger banks, could soon have a new chairman. President Trump plans to tap long-time Republican congressional staffer James Clinger for the role, which would require congressional approval. What could change at the FDIC under […]

China's new deposit insurance is about systemic change

by
Apr 30, 2015
Making banks more careful... by reassuring them.