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US · ND Dept. of Financial Institutions; FDIC (insured)

...ts prior guidance on non-sufficient funds (NSF) fees on April 10, 2026. This action removes previously issued supervisory expectations around NSF fee practices for FDIC-supervised institutions.

The FDIC finalized a new brokered deposits rule on December 15, 2020, that excluded certain fintech-bank arrangements from brokered deposit restrictions. The rule was supportive of BaaS partnerships r...

The FDIC adopted more visible and prescriptive enforcement approaches against banks involved in bank-fintech partnerships in 2025, shifting from non-public supervisory actions to more public consequen...

The OCC, Federal Reserve, and FDIC jointly issued a statement on July 25, 2024, highlighting risks in third-party arrangements for bank deposit products and services. The statement emphasizes that ban...

The FDIC published a rule on official sign and advertising requirements, false advertising, and misrepresentation of insured status in December 2022. The rule addresses how FDIC insurance status must ...

The FDIC issued a proposed rule for consolidated supervision of ILC parent companies ('Covered Companies'), requiring written agreements on capital, liquidity, and risk management, with restrictions o...

The FDIC published a final rule on parent companies of industrial banks and industrial loan companies (ILCs), establishing conditions and commitments for ILC parent companies. The rule was published i...

The FDIC released documents related to its supervision of crypto-related activities at banks, signaling a reevaluation of earlier pauses on crypto and fintech partnerships. This reflects evolving supe...

The OCC, FDIC, and Federal Reserve issued a Request for Information seeking public comments on risks in bank-fintech arrangements, including accountability gaps, end-user confusion, rapid growth, conc...

The FDIC and OCC adopted a joint final rule prohibiting the agencies from taking adverse action against financial institutions based on reputation risk, including risk stemming from customers' politic...

The FDIC published a speech or update on reforms to its regulatory toolkit, potentially addressing BaaS and third-party risk management supervisory approaches.

The FDIC issued a consent order against First Fed Bank for unsafe practices, deceptive acts, and FTC Act violations stemming from its joint venture with fintech Quin Ventures. The bank was cited for m...

The FDIC issued a request for information under its FDiTech initiative to reduce regulatory uncertainty for community banks partnering with fintechs. The RFI proposed a standards-setting organization ...

The FDIC issued a final rule on January 15, 2021, clarifying the application and supervisory process for industrial loan companies (ILCs), an increasingly popular charter path for fintech firms seekin...

The FDIC issued consent orders against Piermont Bank and Sutton Bank for compliance failures related to their BaaS partnerships, particularly around Bank Secrecy Act obligations. Sutton Bank, which pa...

...equires enhanced risk assessments and board-approved thresholds for fintech partnerships. This was part of a broader wave of regulatory actions targeting over 25% of FDIC-supervised BaaS banks in 2024...

U.S. federal regulators including the FDIC, OCC, and DOJ finalized updated bank merger review policies on September 17, 2024, increasing scrutiny for deals involving insured depository institutions. T...

... and Nelnet Bank, ending a years-long moratorium on new ILC charters. This landmark decision opens the door for fintechs to obtain banking charters and operate deposit-taking institutions.

The FDIC under Acting Chairman Travis Hill highlighted policy priorities in April 2025 that signal greater openness to fintech banking applications, including industrial bank charters and crypto-relat...

The FDIC proposed revisions to its policy on bank merger transactions, clarifying the approval framework for bank consolidations. Published in the Federal Register on April 19, the proposal could comp...

...w recordkeeping requirements on September 17, 2024, targeting for-benefit-of (FBO) accounts used in bank-fintech partnerships. The rule directly responds to the Synapse bankruptcy fallout, which left ...

... multiple comment letters on bank-fintech partnership risks. Submissions addressed supervision gaps, deposit-taking risks, and examination authority over fintechs. Fed Governor Bowman called for unifo...