Regulators announced a plan to raise deposit insurance coverage, promising greater protection for savers if a bank fails. The ...
About the authors: Aaron Klein is the Miriam K. Carliner chair and senior fellow at Brookings Institution. He served as U.S. deputy assistant secretary of Treasury from 2009-12. Jill Castilla is ...
Senators Bill Hagerty and Angela Alsobrooks have introduced legislation that would raise the FDIC deposit insurance limit on noninterest-bearing transactions account balances from $250,000 to $10 ...
Each government failure becomes an excuse to do more of what failed. It is sad but not surprising to see this expensive and destructive cycle of failure repeat itself with banking regulation.
FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category — meaning a single person can protect far more than $250,000 by using different account types at the same ...
Officials from both parties are pushing to raise the FDIC insurance limit from $250,000 to $10 million. But not only millionaires would benefit. Money; Getty Images In a rare moment of bipartisan ...
Buying or selling a home? We analyze millions of real estate transactions to compare agents near you. As federal regulators brace for an increase in bank failures, customers may end up with additional ...
WASHINGTON — Consumer Financial Protection Bureau Director Rohit Chopra is asking Congress to reconsider deposit insurance limits after the failure of an Oklahoma bank will likely cause some to take a ...
Banks would face much higher assessments to bring the Deposit Insurance Fund's reserve ratio into compliance. Those costs would be reflected in higher fees and reduced availability of credit, writes ...
— -- Savers who are frustrated with limits on federal deposit insurance could find temporary relief in the $700 billion financial rescue package pending on Capitol Hill. Lawmakers are considering ...
I was working for a Baltimore newspaper when the savings and loan crisis hit my town. The city editor sent me out to interview depositors of one failed thrift. I arrived to find angry, sullen and ...