FDIC Proposes Restructuring of Regs to Implement Interest Prohibition Repeal
Friday, April 15, 2011
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Posted by: MyCI Newsroom
Comments Due: 5/16
The FDIC proposes to rescind regulations that have implemented the prohibition against payment of interest on demand deposits. The FDIC also proposes to retain and move the definition of ‘‘interest’’ into the deposit insurance regulations.
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