FDIC Newswire

Five FDIC officials engaged in workplace misconduct: report

The Office of Inspector General released a second report on toxic workplace culture at the Federal Deposit Insurance Corp., providing new details about allegations of inappropriate conduct and demeaning behavior by former Federal Deposit Insurance Corp. …

FDIC proposes to replace Supervision Appeals Review Committee with an independent office

The FDIC is proposing to replace its Supervision Appeals Review Committee (SARC) with an independent, standalone office, known as the Office of Supervisory Appeals (OSA). Under the proposal, the OSA would be the final level of review of material …

Coinbase Files Opposition Brief in FOIA Case Against U.S. FDIC

Coinbase has filed an opposition brief against the Federal Deposit Insurance Corporation (FDIC) in a key FOIA lawsuit. The case centers on the FDIC’s refusal to release documents related to its supervision of cryptocurrency activities. The filing was made …

Here's why the FDIC's new branch approval proposal is exciting Pittsburgh bankers

US FDIC Requests Comment on Industrial Loan Company Framework

On July 15, 2025, the Federal Deposit Insurance Corporation (“FDIC”) requested comment on its framework for reviewing applications for deposit insurance from industrial loan companies and industrial banks (collectively, “ILCs”). In doing so, the FDIC has …

Bank Merger and Acquisition Policy Changes: The Opportunity Is Now

In Short The Situation: For the past few years, bank regulators and the Department of Justice (the "DOJ") adopted a deeply skeptical approach to consideration of bank mergers and acquisitions ("M&A"), freezing large- and mid-sized …

Do You Even Know Who Your Black Bankers Are?

Peep this list of Black-owned banks Black-owned banks have been instrumental in fueling aspirations, backing small business enterprises, and supporting neighborhoods. These financial institutions play a major role in driving socioeconomic change and upward …

Fed Lets Banks Get Tax Information Numbers From Third Parties

The Federal Reserve said Thursday (July 31) it joined other federal banking agencies in allowing banks and credit unions to obtain customers’ tax information numbers from a third party, rather than directly from the customer. This alternative collection …

Payment Stablecoins Get "Smart" (or GENIUS-like)

Congress recently passed the first significant federal legislation recognizing the apparent enduring presence of payment stablecoins in the US financial and consumer markets. President Donald Trump signed into law on July 18, the Guiding and Establishing …

Avidia Bancorp, Inc. Closes Initial Public Offering

HUDSON, Mass.--(BUSINESS WIRE)--Jul 31, 2025-- Avidia Bancorp, Inc. (the “Company”), the stock holding company of Avidia Bank, announced today the closing of its initial public offering in connection with the mutual-to-stock conversion of Assabet Valley …

Trump-appointed group calls for clear crypto regulation, tax changes

The White House Working Group on Digital Assets called upon regulators and lawmakers Wednesday to cement rules and regulations around registration, custody and trading of digital assets in pursuit of “the new American Golden Age.” In 166 pages, the group …

Industry Bancshares banks join Cadence Bank family

Special to the Inquirer Cadence Bank has completed a July 1 merger with Industry Bancshares, the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First …

Federal Reserve Board joins other federal financial institution regulatory agencies in providing banks the flexibility ...

July 31, 2025 Federal Reserve Board joins other federal financial institution regulatory agencies in providing banks the flexibility to use an alternative method for collecting certain customer identification information For release at 2:30 p.m. EDT The …

SEC's Dave Sanchez: FDTA conversations welcomed

Dave Sanchez, director of the SEC's Office of Municipal Securities.Donna Alberico While the first round of Financial Data Transparency Act regulations has yet to be finalized, Dave Sanchez, director of the Securities and Exchange Commission's …

Spot Solana ETF Race: 21Shares Updates Application After US SEC Requests Amendments

The race for a Spot Solana Exchange-Traded Fund (ETF) is drawing significant attention and efforts in the crypto sector, with several asset management companies submitting applications for the fund. As the deadline of approval draws near for the fund, …

Rochester Realtor to be sentenced for lying during bank fraud investigation

ROCHESTER — Rochester Realtor Merl Groteboer, who recently pleaded guilty to one count of making “false, fictitious and fraudulent” statements to an FBI agent , is scheduled to be sentenced on Dec. 3. Judge Susan Richard Nelson filed the notice scheduling …

Invest in CDs now to get up to 4.50% APY. Here are the best CD rates for July 31, 2025

It’s still possible to earn a decent return on a certificate of deposit, but you need to act soon. Average CD yields declined significantly in 2024 as the Federal Reserve reduced interest rates, and while they have stabilized in 2025 as the central bank …

Complying with regulatory requirements and SEC guidance

Introduction Businesses face a myriad of international cyber regulations that vary widely by jurisdiction, each with its own scope, requirements, and enforcement approach. Companies must map their global operations against an increasingly non-homogenised …

Global Moves, Digital Shifts, July 2025 - Fed, FDIC and OCC Issue Proposed Rulemaking to Rescind 2023 CRA Rule

  Last week, the Federal Deposit Insurance Corporation (“FDIC), Federal Reserve Board (“FRB”), and the Office of the Comptroller of the Currency (“OCC”) (collectively, “the Agencies”)  issued a proposed rulemaking to both rescind the Community Reinvestment …

Velatura Public Benefit Corporation Applauds Trump Administration's AI Action Plan

WASHINGTON, DC, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Velatura Public Benefit Corporation (Velatura) applauds President Trump's newly released artificial intelligence strategy, "Winning the Race: America's AI Action Plan …

Data Foundation Releases 5th ‘Evidence Capacity Pulse Report’ Monitoring Ongoing Changes to Federal Data Infrastructure

WASHINGTON, DC, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Today, the Data Foundation published the fifth "Evidence Capacity Pulse Report," continuing to document substantial changes affecting America's data and evaluation …

Interagency MOU Signals Commitment to Cooperative CDT Stewardship

The renewed MOU highlights the success of a model that divides responsibility for stewardship of the CDT between CDTC and federal agencies. GOLDEN, CO, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- The Continental Divide Trail Coalition ( …

News Release – DOH Urges Residents With Electric Medical Devices to Prepare for Potential Power Outages

      STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI   JOSH GREEN, M.D. GOVERNOR KE KIA‘ĀINA   DEPARTMENT OF HEALTH KA ʻOIHANA OLAKINO KENNETH S. FINK, M.D., MGA, MPH DIRECTOR KA LUNA HO‘OKELE DOH URGES RESIDENTS WITH ELECTRIC MEDICAL DEVICES TO PREPARE FOR …

Freestate Investigations Expands Reach with Integration of RCI Process for Process Serving Across Maryland

Freestate Investigations has integrated RCI Process, expanding its statewide process serving and legal support services in Maryland under the RCI Process name. BELTSVILLE, MD, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Freestate …

Stand Up For Science launches '31 Days of Action' campaign to defend science.

Activism campaign will rally the public around the vital role of science for communities across America. WASHINGTON, DC, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Tomorrow, Stand Up For Science launches "31 Days of Action," a …

Statewise Welcomes Kelly Burgess as Senior Account Representative, Expanding Commitment to the IDD Provider Community

Statewise, a leading provider of purpose-built software for Medicaid agencies and providers, announces the addition of Kelly Burgess to their growing team. FORT WORTH, TX, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Statewise, a leading …

Somerville: New Film Documents One Family’s Efforts to Save a Historic Virginia Farm from Dominion Energy

Can a film save a farm? "Somerville" brings White Ridge Farm’s true story—a century-old family legacy threatened by corporate power—to screens nationwide. WASHINGTON DC, VA, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Can a Film …

America’s Soberest States: The 2025 Ranking That May Surprise You

A new survey highlights where Americans drink alone the least and explores the cultural and social factors behind sobriety trends. LOS ANGELES, CA, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- A nationwide study commissioned by Elite Home …

JULY 31, 2025-2025-011_NEWS RELEASE-HIEMA ALERTS PUBLIC TO RED FLAG WARNING-EXTREME FIRE DANGER CONDITIONS EXIST

STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI   JOSH GREEN, M.D. GOVERNOR KE KIAʻĀINA   DEPARTMENT OF DEFENSE KA ʻOIHANA PILI KAUA   MAJOR GENERAL STEPHEN F. LOGAN DIRECTOR OF EMERGENCY MANAGEMENT LUNA HOʻOMALU PŌULIA HAWAIʻI EMERGENCY MANAGEMENT AGENCY KEʻENA …

Civil Dialogues and Kinder Institute on Constitutional Democracy Set New Attendance Record

Kansas City Public Library Hosts First of Three Town Halls to Tackle Tough Issues Facing Americans HOUSTON, TX, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- On Tuesday, July 22nd, more than 700 engaged citizens, both in person and online, …

NMAC Announces 12 Renowned Plenary Speakers for the U.S. Conference on HIV/AIDS Themed Around 'Aging with HIV'

WASHINGTON, DC, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- NMAC (formerly the National Minority AIDS Council) is proud to announce that the 29th U.S. Conference on HIV/AIDS (USCHA), the nation’s largest convening of the HIV community …

Paws & Purpose: NYC Second Chance Rescue Takes Over Southampton Social Club

NYC Second Chance Rescue Sets the Stage for August 8th Hamptons Gala with Intimate Summer Celebration NEW YORK, NY, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Under the soft summer skies of the Hamptons, NYC Second Chance Rescue hosted a …

Gala Under the Stars: Silverstein Dream Foundation Garden Gala Raises the Stakes for Diabetes Research

NEW YORK, NY, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- Patricia and Roger Silverstein will once again open their Water Mill estate for a heartfelt cause for the 5th Annual Hamptons Garden Gala. Hosted by the Silverstein Dream Foundation …

Mayor Michelle Wu Celebrates New Beer and Wine State Legislation and Promotes Available Liquor License Opportunities ...

Today, Mayor Michelle Wu and State Representative Aaron Michlewitz celebrated new legislation that will allow businesses with beer and wine licenses to upgrade to all alcohol licenses. In addition, the City of Boston Licensing Board today approved …

Health Advisory: Cyanobacteria in the Charles River

Avoid Contact with Water Downstream of Harvard Bridge - Broad Canal, Lechmere Canal, North Point Park, Lederman Park, Community Boating docks, and Storrow Lagoon  The Boston Public Health Commission (BPHC) is alerting residents of a cyanobacteria algae …

NFEC Urges MAHA Movement: Address Financial Instability to Make America Healthy Again

WASHINGTON DC, DC, UNITED STATES, July 31, 2025 /⁨EINPresswire.com⁩/ -- The National Financial Educators Council (NFEC) is launching a bold, nationwide initiative to formally classify financial instability as a Public Health Emergency (PHE)—warning …

Department of Justice, CIA Transmit Declassified Durham Documents to Senator Chuck Grassley

WASHINGTON – Today, the Department of Justice transmitted the declassified Appendix of the Durham Report to the Senate Judiciary Committee following collaboration with the Central Intelligence Agency (CIA). This transmission advances President Donald J. …

U.S. Department of Justice Announces Compensation Process for Victims Trafficked Through Backpage.com

Today, the Department of Justice announced the launch of the Backpage remission process to compensate victims whose trafficking was facilitated through the Backpage.com website. This marks the largest remission process to date to compensate victims of …

Illumina Inc. to Pay $9.8M to Resolve False Claims Act Allegations Arising from Cybersecurity Vulnerabilities in Genomic ...

Illumina Inc. has agreed to pay $9.8 million to resolve allegations that it violated the False Claims Act when it sold to federal agencies certain genomic sequencing systems with cybersecurity vulnerabilities. Illumina is a Delaware corporation, …