Tag Archives: Regulators

Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits – money.andronezia.com

Silicon Valley Bank has been shut down by regulators, who have taken over bank deposits, the Federal Deposit Insurance Corp. announced Friday. The California Department of Financial Protection and Innovation closed the SVB, and designated the FDIC as the beneficiary. The FDIC in turn has created the Santa Clara Deposit Insurance National Bank, which now… Read More »

New House Data Privacy Bill Could Limit State Insurance Regulators’ Authority – money.andronezia.com

The new House of Representatives bill may change the forms and procedures you and your financial service providers use to protect the privacy of your clients. Members of the House Financial Services Committee have raised a bill, HR 1165, the Data Privacy Act of 2023, along with other financial services bills. The bill would update… Read More »