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FDIC rules are clear but those were misrepresented by several fintech intermediaries.
FDIC may provide institutional coverage as well as individual coverage. These fintech misled people by making vague references to FDIC while there was no individual coverage for the money handled.
Comments
FDIC may provide institutional coverage as well as individual coverage. These fintech misled people by making vague references to FDIC while there was no individual coverage for the money handled.