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: Banking Law Prof Blog

Extending Full FDIC Coverage for Payroll Accounts

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FDIC is proposing two alternatives for phasing out the Transaction Account Guarantee Program, originally set to expire December 31, 2009. Option One: The program, which provided full FDIC coverage of non-interest-bearing accounts such as payroll accounts (which often exceed insured...

Full post as published by Banking Law Prof Blog on June 28, 2009 (boomark / email).

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