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FDIC Extends Timeline to Comply with New Digital Signage Requirements

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The Federal Deposit Insurance Corporation (“FDIC”) recently announced that it is providing financial institutions additional time to get new process and systems in place by extending the compliance date for the new FDIC signage and advertising rule (Part 328, subpart A) from January 1, 2025, to May 1, 2025.

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FDIC Digital Sign Requirement Deadline Fast Approaching – Part 1 of 2

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Just before Christmas in 2023, December 23, 2023, to be precise, the Federal Deposit Insurance Corporation (“FDIC”) Board of Directors gave a Christmas gift that was the equivalent of coal in their stocking. Banks will also be required to display the FDIC official digital sign on certain automated teller machines.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

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BBVA To Close Simple, Move Customers Over To BBVA USA

PYMNTS

Talk Android posts a letter from the company in which it says there will be "no immediate impact" to accounts and that users don't need to do anything right now, with their funds housed in FDIC insured accounts with BBVA. And, the company says it wants to make the transition "as smooth as possible" for customers.

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5 Banking Trends We’re Forecasting for 2023

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User experience. According to the Federal Deposit Insurance Corporation (FDIC), in 2000, there were 8,000 commercial banks in the United States, but as of March 2022, that number had dwindled to 4,194 operating physical bank branches. They want applications to be able to grow and progress alongside their growth and progression.

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Ternio Integrates With Plaid To Ease Access To Crypto-Friendly Accounts

PYMNTS

With Plaid, users are able to link bank accounts securely near-instantaneously, through using login credentials rather than verifying through micro-deposits, which could help to cut down on fraud. customers to activate their FDIC-insured BlockCard bank accounts. dollars between all of their accounts.”.

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Revolut Adds Crypto To US Offerings With Paxos Deal

PYMNTS

Paxos will hold crypto assets for Revolut’s users in the U.S., while enabling Revolut to control “the user experience” and manage its “customer relationships.” To that end, Paxos said it will provide “off-the-shelf historical pricing and market data for Revolut to customize the in-app experience.”. Revolut made its U.S.

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