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American Fintech Council calls on FDIC to revive innovation drive

American Fintech Council urges FDIC to renew innovation efforts Background: In recent news, the American Fintech Council (AFC) has called on the Federal Deposit Insurance Corp. (FDIC) to revive its innovation drive. The AFC expressed its concerns about the lack of...
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Lawmakers Question FDIC on Financial Innovation: Concerns About Fintech Approach

U.S. Lawmakers Challenge FDIC Over Financial Innovation Engagement Lawmakers Question FDIC's Approach Towards Fintech and Innovation Senior members of the House Financial Services Committee have formally questioned the Federal Deposit Insurance Corporation (FDIC) over...
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FDIC Releases List of Banks Examined for CRA Compliance in November 2023

FDIC Issues List of Banks Examined for CRA Compliance The Federal Deposit Insurance Corporation (FDIC) has recently released its list of state nonmember banks that were evaluated for compliance with the Community Reinvestment Act (CRA) in November 2023. The CRA, a law...
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FDIC’s Innovation Office Changes Scrutinized by House GOP

FDIC's Innovation Office Changes Scrutinized by House GOP House Financial Services Committee chair Patrick McHenry, R-N.C., joined fellow committee Republicans in a letter to the Federal Deposit Insurance Corp. decrying the agency's changes to the FDITech office that...
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