The Senate on Thursday voted down a two-year extension of the Transaction Account Guarantee program, which insures non-interest bearing accounts with more than $250,000, and the program will expire at the end of the year. In a 50-42 procedural vote, … Read More…
The Senate on Thursday voted down a two-year extension of the Transaction Account Guarantee program, which provides unlimited insurance guarantees to non-interest bearing accounts, and the program will be allowed to expire at year’s end. The legislation, which was sponsored … Read More…
The Senate has scheduled a final vote for Thursday on a measure that would extend the Transaction Account Guarantee program, which insures more than $250,000 in a non-interest bearing checking account. The bill, which is supported by the Obama administration … Read More…
A recent survey by the Association for Financial Professionals revealed that U.S. firms plan to reduce their bank account balances by a 20 percent average if the Transaction Account Guarantee program is not extended. The survey revealed that the firms … Read More…
Members of the National Association of State Treasuries are urging the Obama administration and Congress to push through a two-year extension of the Transaction Account Guarantee program. Launched by the FDIC in 2008 in the wake of the financial crisis, … Read More…
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