Tens of thousands of Americans saved money in fintechs that said their money was FDIC insured. When things went wrong, that wasn't exactly true.

Acting Chair Travis Hill suggested the agency use total liabilities rather than insured deposits as the denominator in the ...

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Medallion Bank (Nasdaq: MBKNP), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, ...

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Medallion Bank (Nasdaq: MBNKP, MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements ...

then you could end up having more than $250,000 deposited in one bank when the financial institution allocates part of your deposit to that bank. That means the excess amount would not be insured.