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REVEALED: 20 - The Real Truth

Senate confirms Gruenberg as FDIC chair, two others to join board

In two votes Monday, the Senate confirmed three members of the FDIC board and one of them, Martin Gruenberg, to become chairman.

Roll Call

2022 Green Dot Bank Review: Pros and cons and product offerings

Green Dot review: The bank offers 2% APY on high-yield savings but no checking, money market, and certificate of deposit accounts.

Fortune

Varo Bank Review 2022: For the customer who prefers mobile banking and a 5.00% APY over the brick-and-mortar experience

Varo Bank offers only a few products, but for no-frills customers, this online-bank could be the right fit.

Fortune

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The best high-yield savings accounts to build your wealth

The Fortune Recommends top 10 picks for the best high-yield savings accounts offers customers the chance to earn over 4% APY.

Fortune

How to bank with Brio Direct

The APYs on Brio’s savings is 3.75% while its CDs go as high as 4%.

Fortune

Bread Savings: Competitive high-yield savings, but no checking accounts

Bread Savings offers a 3.5% APY on savings and up to 4.75% on CDs.

Fortune

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

Tribune News Service

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As FTX burned, lawmakers said to be dithering over regulator - Roll Call

FTX founder Sam Bankman-Fried’s prominence on Capitol Hill is said to have tainted bills deemed too favorable to the cryptocurrency industry.

Roll Call

TechScape: How do you slice a billion-dollar crypto bankruptcy pie?

The 50 biggest claims against FTX total $3.1bn. Now a US court has to determine who gets what – if anything. Plus, what will be more valuable by the end of the year: Musk’s stake in Twitter, or a lettuce?

The Guardian - UK

The top 10 money market accounts for December 2022

Here are the money market accounts that made our top 10 based on their APY, minimum opening deposit, maintenance fees, and customer service options.

Fortune

What happens to my funds if a crypto exchange collapses?

If your crypto exchange goes under, you could have a difficult time recovering your money.

Fortune

Current Review 2022: A Competitive APY but limited customer service options

Current is putting a spin on traditional banking, but its digital-first approach may not be the best fit for every consumer.

Fortune

Check out UFB Direct—an online bank offering savings products with APYs of at least 5%

Savers might find that UFB’s high rates complement their existing banking relationship.

Fortune

Senators urge FDIC to give fair consideration to industrial banks

WASHINGTON — A bipartisan group of senators is supporting “industrial loan company” charters, a move that puts them at odds with House legislation over a controversial pathway for financial technology companies to access the traditional banking system.

Tribune News Service

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Roll Call

Senators urge FDIC to give fair consideration to industrial banks - Roll Call

Nine senators from both parties are urging the FDIC to give fair consideration to industrial loan company charters.

The Independent UK

Record number of Americans have bank accounts, gov't says

The number of Americans who do not have a bank account fell to a record low last year, as the proliferation of online-only banks and an improving economy is bringing more Americans into the traditional financial system

Tribune News Service

8 best short-term investments in October 2022

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Chicago Sun-Times

Key figure accused of embezzling from failed Bridgeport bank lost $1 million at casinos, sources say

Authorities are trying to determine whether the money Marek Matczuk lost gambling came from the millions he never repaid Washington Federal Bank for Savings.

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Roll Call

Bank regulators eye climate risk scenarios, drawing GOP criticism - Roll Call

The Fed and FDIC consider how to test banks' resilience under various climate scenarios, but say they aren't stress tests.

Tribune News Service

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Roll Call

Political divide snags the digital update to anti-redlining law - Roll Call

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

USAFacts

Who is the least likely to have a bank account in the US?

People with low educational attainment or family income, people who live in the South, and Black people all have lower bank account ownership rates.

Tribune News Service

8 best short-term investments in August 2022

Benzinga

Abaca And Pacific Valley Bank Partner To Deliver 'The Highest Quality Banking Experience To The California Cannabis Industry'

Abaca and Pacific Valley Bank (OTCPK:PVBK), are partnering to expand access to cannabis banking in the California market.

Benzinga

AFC Gamma Q2 2022 Net Income Grows 147%, What About Distributable Earnings?

AFC Gamma, Inc. (NASDAQ: AFCG) released its results for the second quarter of 2022, revealing net income of $11.4 million in Q2 2022, or $0.58 per basic weighted average share of common stock, an increase of 147% compared to

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