FDIC

The U.S. government no longer mints pennies, those copper shekels representing the lowest face value of any unit of American currency. The one-cent piece — the term “penny” is actually British — remains legal tender and in circulation, but the …

Paper refund checks are on their way out. The Internal Revenue Service (IRS), in partnership with the U.S. Department of the Treasury, announced that paper tax refund checks for individual taxpayers will be phased out beginning Sept. 30, 2025. The …

Commercial banks and savings institutions in the United States saw a drop in net income in 2020, although late year numbers showed dramatic improvement. The Federal Deposit Insurance Corporation (FDIC) released its Quarterly Banking Profile for the fourth quarter of …

One Arkansas bank has been examined by the Federal Deposit Insurance Corporation (FDIC) to ensure compliance with the Community Reinvestment Act (CRA). The FDIC recently evaluated First Arkansas Bank and Trust in Jacksonville for compliance, giving the financial institution an …

Approximately 95 percent of U.S. households had bank accounts in 2019, based on a new survey from the Federal Deposit Insurance Corporation (FDIC). For this survey, FDIC partnered with the U.S. Census Bureau to collect responses on banking from approximately …

Fidelity Information Services (FIS) has been selected to participate in a financial technology competition overseen by the Federal Deposit Insurance Corporation (FDIC). The Jacksonville, Fla.-headquartered organization is one of 14 technology companies chosen for the Rapid Prototyping Competition. In this …

Millions of Americans are expecting to receive their stimulus payments via direct deposit this week as part of the CARES Act signed by President Trump on March 27.  Although the IRS set up a free online tool called Get My …