Embedded finance news: FDIC
FDIC deposit insurance approval for Mercury Bank, N.A.
The FDIC cleared Mercury Bank, N.A. for deposit insurance with $300 million of initial paid-in capital.
FDIC approves deposit insurance for Augustus National Bank
The FDIC approved deposit insurance for Augustus National Bank, a Dallas de novo with a stablecoin plan.
FDIC publishes a second consent order for Lineage Bank
Lineage Bank's second FDIC consent order sets capital floors and restricts dividends and brokered deposits.