Founded in 1933, the FDIC is an independent agency that’s tasked with insuring bank deposits with eligible banks and to regulate a wide range of banking practices. Insuring bank deposits protects borrowers from loss in the event the bank fails.
Founded in 1933, the FDIC is an independent agency that’s tasked with insuring bank deposits with eligible banks and to regulate a wide range of banking practices. Insuring bank deposits protects borrowers from loss in the event the bank fails.