Capital One reportedly sued the Federal Deposit Insurance Corp., alleging that the regulator overcharged the bank by $149.2 million during a special assessment meant to make up for the deposit insurance fund’s losses resulting from the collapses of Silicon Valley Bank and Signature Bank in 2023.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Condition ...

Capital One reportedly sued the Federal Deposit Insurance Corp., alleging that the regulator overcharged the bank by $149.2 million during a special assessment meant to make up for the deposit insurance fund’s losses resulting from the collapses of Silicon Valley Bank and Signature Bank in 2023.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Condition ...

Lawmakers and banking groups emphasized that reform should be empirically driven and carefully calibrated to avoid unintended costs.Proposals range from maintaining current limits to raising coverage for business accounts, with debate over costs and national security implications.Bank leaders and regulators urged senators to consider targeted deposit insurance reform to protect business operating accounts, especially in light of digital-age deposit flight risks.Bank CEOs told lawmakers at a Senate Committee ...