The Federal Deposit Insurance Corporation (FDIC) has neutered its system of independent review for the material supervisory decisions it makes concerning banks' activities. That is a problem. Why? Because the FDIC is, perhaps surprisingly, one of the more powerful agencies in the federal government with an almost unlimited regulatory ...

In an effort to catch tax evaders, the Biden administration is proposing requiring banks to report individual account transaction flows above $600 to the Internal Revenue Service (IRS). A related proposal would increase this threshold to $10,000. Banks are a critical component of the economy that, thanks in no small part to the federal ...