December 23, 2008
- FDIC Announces $114 Million Settlement With Subprime Credit Card Company Charged With Deceptive Credit Card Marketing
December 19, 2008 FDIC Press Release:
The Federal Deposit Insurance Corporation (FDIC) announced today a settlement with CompuCredit Corporation, Atlanta, Georgia (CompuCredit), a company charged with deceptive marketing of subprime credit cards with three FDIC-supervised banks in violation of the Federal Trade Commission Act (FTC Act). (…) - Liquidity Risk is Focus of Winter Issue of FDIC's Supervisory Insights
December 18, 2008 FDIC Press Release:
The growing challenge related to liquidity issues in the current banking environment is highlighted in the Winter 2008 issue of Supervisory Insights, released today. (…)
December 10, 2008
- FDIC Reiterates the Guarantee of Federal Deposit Insurance
December 10, 2008 FDIC Press Release:
CNBC/Portfolio.com Survey Finds Some Americans Uncertain About FDIC Protection
The Federal Deposit Insurance Corporation today reminded the American public about the iron-clad protections depositors receive when placing their money in insured financial institutions, including the fact that in the 75-year history of the FDIC no one has lost even a penny of federally insured deposits. (…)
December 4, 2008
- FDIC Publication Helps Consumers Understand Their New, Higher Deposit Insurance Coverage
FDIC News Release:
With banks and the economy in the news so much lately, many people are thinking more about the safety of their money. (…)
November 24, 2008
- Joint Statement by Treasury, Federal Reserve and the FDIC on Citigroup
File this under: "Hooray, another gigantic corporation that mismanaged their business and assets gets bailed out while the little guy gets screwed!"
Joint Statement by Treasury, Federal Reserve and the FDIC on Citigroup
Washington, DC— The U.S. (…)
November 22, 2008
- U.S. Bank Acquires All the Deposits of Two Southern California Institutions
Downey Savings & Loan Association, Newport Beach and PFF Bank & Trust, Pomona
FOR IMMEDIATE RELEASE
November 21, 2008Media Contact:
Andrew Gray (202) 898-7192
Cell: (202) 494-1049
David Barr: (202) 898-6992
Cell: (703) 622-4790U.S. (…)
- Bank of Essex, Tappahannock, Virginia Acquires All the Deposits of the Community Bank, Loganville, GA
FOR IMMEDIATE RELEASE
November 21, 2008Media Contact:
David Barr:
Office – 202-898-6992
Cell – 703-622-4790
dbarr@fdic.govThe Community Bank, Loganville, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. (…)
- FDIC Board of Directors Approves TLGP Final Rule
Industry Funded Program Fully Backed by FDIC Guarantee; Will Promote Lending
FOR IMMEDIATE RELEASE
November 21, 2008Media Contact:
Andrew Gray (202) 898-7192The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a final rule to strengthen the agency's Temporary Liquidity Guarantee Program (TLGP). (…)
