Here’s a look at what’s reportedly being considered for future of the FDIC and how it could affect bank accounts.
In the midst of numerous dismissals and resignations at the Bureau this week, President Trump has nominated Jonathan McKernan ...
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Hill last summer criticized proposed changes to the FDIC’s hot money rules as “a poor use of our time and resources” because the deposit landscape is “too complex to continually decide which ...
The National Automobile Dealers Association show and convention, which was set to attract thousands of visitors to New Orleans starting Thursday, will go ahead with just a slight delay to its ...
State regulatory advocates, including the Conference of State Bank Supervisors, say the agency's proposed guidelines on corporate governance are problematic and could discourage talent from joining ...
Hill, a Republican, served as FDIC vice chairman. He criticized some of the proposals championed by former FDIC head Martin Gruenberg, who departed the agency on Jan. 19.
He has served as the FDIC's vice chair since 2023. He previously was a senior adviser to then-FDIC Chairman Jelena McWilliams, who led the agency during Trump's first term. Hill takes over from ...
All in all, it’s a highly favorable backdrop for banks, as witnessed by a rising balance in the FDIC insurance fund and a mere two bank failures in 2024, out of more than 4,500 institutions.