Recent bank failures have shined a highlight on a thorny dilemma: Is it time to overhaul the federal deposit insurance policy application? The failures of Silicon Valley Financial institution and Signature Lender past thirty day period uncovered weaknesses in the system, including much too many uninsured deposits at some institutions […]
FDIC
CFPB Director Rohit Chopra Addresses FDIC Deposit Insurance and the Banking Industry | Ballard Spahr LLP
On April 11, 2023, the Purchaser Fiscal Security Bureau Director Rohit Chopra spoke with the Washington Post with regards to the banking field soon after the failure of Silicon Valley Lender. Director Chopra, who is also a board member of the Federal Deposit Insurance policies Company, focused his messaging on […]