Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg gave remarks to the Cities for Financial Empowerment Fund 2023 Bank On National Conference recently in which he.
The Federal Deposit Insurance Corp.'s guarantee to consumers remains strong despite this spring's bank failures, the agency's chairman, Martin J. Gruenberg, said Tuesday. Gruenberg also noted that the FDIC's research shows persistent disparities in access to banks by class and race, and defended the agency's crackdown on nonbanks that fraudulently claim to be protected by deposit insurance.
American households without bank accounts could be spending $230 million a year for just three financial services they use outside the banking system. But not all “unbanked” households are ready