Tagged: fbo

Federal Deposit Insurance Corp (FDIC) Expected to Propose Rule on For Benefit Of (FBO) Accounts, Will Impact Fintechs: Report

The Federal Deposit Insurance Corp. (FDIC) is expected to propose new rules impacting For Benefit Of (FBO) accounts which will affect the neobanking sector. According to a report by Bloomberg, the FDIC will make the proposal as soon as this month. This follows the Synapse… Read More

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