FDIC Chair Sheila Bair said “for insured depositors, IndyMac’s conversion has been largely a non-event” Bair further went on to say customers had continued access to their funds through ATMs, debit cards and writing checks over the weekend. This is a time when institutions that are concerned about public perception need to remind customers of the various regulatory checks and balances in place that ensure their funds are safe. Understanding where there’s risk to your institution and to your customers/members, and then designing controls to address those risks, results in a more secure, more reliable banking experience.”]
Source: https://www.cuinfosecurity.com/blogs/indymac-proves-system-works-p-58