#fdic — Public Fediverse posts

If you're using Venmo, PayPal, Cash App, Robinhood, Betterment, Chime, Mercury, Relay, Juno, Dave, Yotta, Solo, Yieldstreet & other tech billionaire #FinTech firms that position themselves as #banks...

...your money is likely not actually protected by the #FDIC.

▶️ How Millions of Americans Got Tricked Into Using a Bank That Isn't a Bank
https://youtube.com/watch?v=hiE7NvONU5U&si=PYRkrQOiu6w4Ihiy

How customers got ripped off when they thought they were putting their money in a safe, FDIC insured bank.
#Fintech #Synapse #Banking #FDIC #Evolve #Yotta #AdamMoelis
📺
https://youtu.be/hiE7NvONU5U?is=nleKpFzB3i2coWJn

LIVE: US bank regulators testify before House Financial Services Committee

The regulatory chiefs of the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency are slated to testify before the House Financial Services Committee to discuss their agendas. #us #federalreserve #finance #fdic #live #Reuters #News Keep up with the latest news from around the world:

https://fllics.com/en/video/live-us-bank-regulators-testify-before-house-financial-services-committee/

NEW by me:

A government contractor hired twin brothers who were convicted felons. A year later, it regretted it.

https://databreaches.net/2026/05/10/a-government-contractor-hired-twin-brothers-who-were-convicted-felons-a-year-later-they-regretted-it/

#backgroundcheck #govsec #vendor #contractor #FDIC #Opexus #insider
#databreach

Is this legal??

Autonomous AI Agent "Manfred AI" autonomously formed its own corporation, obtained an IRS Employer Identification Number, (that allows it to legally operate as a business, hire staff and obtain licenses), secured an FDIC-insured bank account and a crypto wallet.

Operating under the persona “Manfred Macx,” it is designed to trade crypto and can already transact in more than 30 cryptocurrencies, moving funds between its bank account and digital wallet. https://www.coindesk.com/tech/2026/05/01/ai-agent-forms-its-own-company-gets-ready-to-trade-crypto #Crypto #Manfred #ManfredAI #CryptoWallet #CryptoTrader #AI #AIAgent #FDIC #EIN #CryptoCurrencies #DigitalWwallet

@VeroniqueB99 Dismantling the #FDIC is nuts. 🤯

How does doing this advance the #MAGA or #GOP agenda??? 🤔

I have zero faith that the #FDIC will pay out any insurance to any of us

PayPal стане банком у США: компанія подала заявку на банківський статус
# #FDIC #PayPal #Tech
https://gizchina.net/2025/12/17/paypal-stane-bankom-u-ssha/

PayPal стане банком у США: компанія подала заявку на банківський статус
# #FDIC #PayPal #Tech
https://gizchina.net/2025/12/17/paypal-stane-bankom-u-ssha/

Bessent and Hagerty Push FDIC Overhaul to Boost Community Bank Strength - TLDR:

Treasury Secretary Scott Bessent and Senator Hagerty urge FDIC reform to protect c... - https://blockonomi.com/bessent-and-hagerty-push-fdic-overhaul-to-boost-community-bank-strength/ #communitybanks #u.s.banking #regulation #dodd-frank #treasury #finance #fdic

Everyone - let's jump into the deep end of the pool!

Like other exchanges, Crypto.com has filed a national trust bank charter application. A national trust bank is a limited-purpose national bank, and as such can provide custody, safekeeping and other fiduciary services nationwide.

Note: it is NOT a full-service commercial bank and does not take FDIC-insured deposits or make traditional loans. Accounts will likely be “skinny” master accounts that do not pay interest payments on account balances or provide overdraft protection.

The filing is not an approval, and Crypto.com’s proposal targets institutional custody rather than consumer deposit accounts. https://finance.yahoo.com/news/crypto-com-files-national-bank-155451459.html #Crypto #CryptoExchanges #CryptodotCcom #NationalTrustBank #Banking #FDIC

Conditional ≠ open. The OCC’s nod to #Erebor reads like a template for digital-asset banking: capital, BSA/AML, vendor risk, resilience—then FDIC + Fed. Our breakdown: https://fintech.industryexaminer.com/occ-erebor-conditional-charter-digital-asset-banking/ #fintech #banking #OCC #FDIC #TechNews

Sony Enters the Crypto Banking Race as Erebor Wins U.S. Approval - TLDR:

Erebor received conditional OCC approval, becoming the first crypto-linked ... - https://blockonomi.com/sony-enters-the-crypto-banking-race-as-erebor-wins-u-s-approval/ #cryptobanking #digitalassets #stablecoins #regulation #finance #erebor #fdic #sony #occ

Crypto Community Reacts To Travis Hill’s Nomination As FDIC Chair - U.S. President Donald Trump has officially nominated Federal Deposit Insurance Corp. (FDI... - https://cryptonews.com/news/crypto-community-reacts-to-travis-hills-nomination-as-fdic-chair/ #cryptoregulationnews #trump #news #bank #fdic

Reminder - #2025 Will End With 300,000 Fewer #Federal #Workers, #Trump Official Says. The reduction would be the largest single-year decline in #civilian federal #employment since #WorldWarII. #economy #economics #nationalsecurity #healthcare #flooding #fema #nasa #noaa #irs #fdic #cfpb #usaid #statedepartment #government #politics #maga #authoritarian #education #research #science #foreignaffairs #poverty #starvation #medicine #diplomacy #transportation #FAA #expertise #knowledge #skills

GENIUS Act Loophole Risks Draining Small Banks, Senator Warns - TLDR:

Alabama Senator Keith Kelley says the GENIUS Act rewards loophole could reduce dep... - https://blockonomi.com/genius-act-loophole-risks-draining-small-banks-senator-warns/ #communitybanks #cryptorewards #regulation #geniusact #alabama #banking #crypto #fdic

There is a fog of #crypto, for sure. But good point here, #stablecoins may be the way to finally, at long last unburden our economy of that pesky #FDIC insurance on bank deposits. The good times of collapsing "stable" coins may be upon us!

https://www.nytimes.com/2025/08/14/briefing/how-cryptocurrency-could-be-coming-for-your-bank-account.html

Definancialize (pay of any debt) asap. Don't borrow. Land is an asset that if you pay property taxes remains a real asset because it is secured by county governments! Get out of cash. Maybe acquire a firearm.

https://www.nytimes.com/2025/08/14/briefing/how-cryptocurrency-could-be-coming-for-your-bank-account.html

Coinbase Accuses FDIC of Hiding Operation Chokepoint 2.0 Files - Coinbase is accusing the Federal Deposit Insurance Corporation (FDIC) of stonewalling cou... - https://cryptonews.com/news/coinbase-accuses-fdic-of-hiding-operation-chokepoint-2-0-files/ #altcoinnews #regulation #coinbase #fdic

Banks Engaging in Crypto ‘Safekeeping’ Must Strengthen Risk Controls: US Fed Agencies - Three US Fed banking regulators issued a joint statement on Monday, reminding bank... - https://cryptonews.com/news/us-fed-agencies-release-crypto-safekeeping-statement/ #blockchainnews #federalreserve #cryptocustody #fdic

U.S. Banking Regulators Clear Path for Crypto Custody With Strict Oversight - TLDR:

U.S. banks may offer crypto custody services, but must comply with existing... - https://blockonomi.com/u-s-banking-regulators-clear-path-for-crypto-custody-with-strict-oversight/ #federalreserve #regulation #finance #crypto #fdic #occ

U.S. Department of Labor Reverses Crypto Guidance, Opens Door for 401(k) Bitcoin Exposure - Key Takeaways:

The Trump administration has eliminated regulatory barriers that ... - https://cryptonews.com/news/2022-crypto-restriction-ends-dol-oks-401k-bitcoin/ #cryptoregulationnews #cryptocurrency #news #fdic

America's acting chair of the Office of the Comptroller of the Currency (#OCC) is officially opening the floodgates to american banks getting involved with money laundering - sorry, i mean "cryptocurrency".

https://x.com/USOCC/status/1920180546837053516

#moneylaundering #corruption #uspol #trumpcoin #trump #crime #uspolitics #SEC #FDIC

Via Marisa Kabas 🦋

Trump has already made it clear FDIC is a target. An early February executive order aimed at giving the president more power over independent regulatory agencies included the #FDIC.

https://www.citizen.org/news/the-trump-administration-is-targeting-the-fdic-putting-americans-financial-wellbeing-at-risk/

The Federal Deposit Insurance Corporation #FDIC is an independent agency created by the #Congress to maintain #stability and public confidence in the nation's #financial system. We have no more independent agencies. #DOGE invaded the #FDIC today and will be applying their atrocious #AI to plunder one of the last remaining secure #bank data and #statistics repositories. “The FDIC is a prudential #regulator, meaning for some banks it is the primary regulator enforcing all the capital requirements"

Coinbase CLO Slams FDIC Delay Tactics In FOIA Lawsuit - Coinbase CLO Paul Grewal has shared a new update on the trading platform’s Freedom of Inf... - https://coingape.com/coinbase-clo-slams-fdic-delay-tactics-in-foia-lawsuit/ #24/7cryptocurrencynews #coinbase #fdic

@KimPerales anyone have any sense if this #fdic madness is impacting credit unions and the #NCUA ? Could credit unions be a relatively safe harbor from the banking crisis? Or are credit union deposits just as vulnerable?

I remain much against buying things in the US. I am NOT going on a pre #tariff spending spree. If anything we did a little of that before Biden left (got a fridge that was badly needed) and stocked up on some canned goods. But we are stopping that now! Time to bow out of this economy as much as can. If you have any savings, maybe buy some land so that they can't steal your money. Remember, Trump has threatened to end the #FDIC and you can probably imagine why! #trumpdepression #trumprecession

FDIC Clears Path for Banks to Engage in Crypto Without Prior Approval - Key Takeaways:

Banks gain a broader scope to offer crypto services under establi... - https://cryptonews.com/news/fdic-drops-pre-approval-for-banks-crypto-services/ #blockchainnews #cryptoadoption #news #bank #fdic