Federal law does not just require banks to report large cash transactions. It separately makes it a crime to deliberately break a cash transaction into smaller pieces specifically to dodge that report — even if the money itself came from a paycheck, a garage sale, or a lifetime of saving under the mattress. The rule…

The Federal Deposit Insurance Corporation adopted a rule on August 27, 2026 that lets a bank move far more money through reciprocal deposit networks, arrangements that let one large balance carry full federal deposit insurance even though it runs well past the standard $250,000 coverage limit that applies to any single account at any single…

Tioga-Franklin Savings Bank, a single-branch lender in Philadelphia’s Tioga neighborhood, closed on August 21, 2026, after the Pennsylvania Department of Banking and Securities took possession of the institution and named the Federal Deposit Insurance Corporation as receiver. It was the fifth bank to fail in the United States this year, and the FDIC estimates that…

Capital One customers who have held on to an older 360 Savings account got a rate bump on August 4, 2026, when the bank raised the interest paid on that legacy product to match its newer, higher-paying 360 Performance Savings account. For years, the two accounts paid very different rates even though they functioned almost…

Federal regulators quietly closed the book on four bank employees this summer, permanently barring each of them from ever holding a job at a federally insured bank again. The Federal Deposit Insurance Corporation released the decisions as part of its routine monthly enforcement list, and one of the four worked at Truist Bank, a bank…