Travis Hill, chair of the US Federal Deposit Insurance Corporation (FDIC), confirmed that, in his opinion, a law passed in July would not give the agency the authority to guarantee stablecoin deposits ...

FDIC chief says stablecoins will not qualify for deposit insurance under the GENIUS Act, including pass-through coverage.

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 ...

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 ...

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 ...

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 ...

The experts said that the odds were tiny that the housing market could crash; that the federal housing agencies Fannie Mae and Freddie Mac would never need a bailout; that mortgage-backed securities ...