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Regulatory standoff tests contours of deposit reporting

Capital One Headquarters
Photo: J. David Ake/Getty Images

Vlada Gurvich

5 min read
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FDIC counterclaim against Capital One turns technical disagreement over uninsured deposit reporting into one of the most consequential test cases of post-crisis assessment rules.

The aftershocks of the 2023 collapses of Silicon Valley Bank and Signature Bank continue to reverberate through the US regulatory landscape. The latest tremor comes from a courtroom in Virginia, where the Federal Deposit Insurance Corporation (FDIC) has filed a sweeping counterclaim against Capital One.

The agency asserts that the bank

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