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Ramp Launches Ramp Treasury to Make Use of Idle Cash

Finovate

The free, FDIC-insured account offers 2.5% Ramp customers can use Ramp Treasury to store their cash in a free, FDIC-insured accountthat earns 2.5% The liquid FDIC-insured account does not charge fees, require a minimum deposit, or have transfer limits. Ramp debuts Ramp Treasury to help businesses earn interest on idle funds.

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SVB Collapse Puts Additional Pressure on CFOs

The Finance Weekly

These concerns grew on Sunday when New York’s Department of Financial Services closed Signature Bank, in order to “protect depositors” , and appointed the FDIC as the bank’s receiver. To top it off, this occurred on a Friday, meaning many executives and CFOs had to wait all weekend until Monday to take real action.

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2025 Industry Outlook and New Regulatory Shifts: How IPA is Shaping the Future of Payments

Innovative Payments Association

With its record of bipartisan enforcement actions and new authority to regulate big tech, the agency may adapt rather than disappear. The FDIC’s latest report shows that 96% of American households are banked—the highest level in nearly 20 years—thanks in part to diverse fintech offerings.

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New York’s Apple Bank For Savings Slapped With $12.5 Million AML Fine

PYMNTS

Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ. The bank was recently fined in a separate charge that it failed to comply with a 2015 request by the FDIC to improve its AML compliance.

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Office Of The Comptroller Of The Currency Disclosed A Data Breach

PYMNTS

According to the report, the banking regulator said the data breach had to do with a former employee at the agency removing more than 10,000 records without receiving authorization to do so. which has prompted lawmakers to spend part of 2016 looking into shortfalls in FDIC cybersecurity policies. The incident occurred in Nov.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

FDIC), the states and the courts. But last fall, a federal appeals court questioned the OCC’s authority to issue such a charter. The agency first proposed a special banking charter for FinTechs in 2014 that would limit pushback from the Federal Deposit Insurance Corp. Specific Concerns .

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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards

PYMNTS

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. Financial Conduct Authority, discusses how new open banking strategies are being drafted to help merchants adapt to these changing payment realities. Plus, the Federal Deposit Insurance Corp. The Federal Deposit Insurance Corp.

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