State Banking Groups Push Congress For TAG Extension

Law360, New York (August 30, 2012, 2:08 PM EDT) -- A coalition of 80 state banking industry groups on Wednesday urged Congress to extend a Federal Deposit Insurance Corp. program that provides unlimited insurance for more than $250,000 on transaction accounts, joining other bank lobbying groups and legislative leaders in pushing for the program's continuation.

 The lobbying groups from nearly every state and Puerto Rico said extending the Transaction Account Guarantee was vital in order to allow small and community banks to continue to provide loans to small businesses and municipalities that rely on the additional...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.