Latest Federal Deposit Insurance Corporation News
A courtroom of relief: FBI recovers funds for victims of scammed banker
WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. "I just can’t describe the weight lifted off of...
Why you shouldn't store your money in payment apps
NEW YORK (AP) — Connor Tomasko grew up wary of credit cards. As she taught herself more about managing money, she realized that many people also have bad habits when it comes to payment apps. Tomasko, 31, a freelance software consultant in Chicago, understands why people appreciate...
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