Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (03/23/2011)
* WASHINGTON (3/24/11)--Large banks will have to pay more for deposit insurance under a new regulation set to go into effect April 1 (American Banker March 23). Under current rules, a bank's deposit insurance premium is based on its total domestic deposits, with adjustments made for examination ratings, brokered deposits and balance sheet risk. Under the new rules, mandated by the Dodd-Frank-Act, Federal Deposit Insurance Corp. deposit assessments will be based on a bank's average consolidated total assets, minus its average tangible equity capital. Community banks lobbied for the change, arguing that large banks are subject to more and should contribute more to the deposit insurance fund. In a white paper released this week, the deposit insurance assessments charged by regulators to credit unions and banks will be “very similar” over the coming decade, revising previous estimates that predicted higher bank assessments, according to Credit Union National Association (CUNA) Chief Economist Bill Hampel …


RSS print
News Now LiveWire
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
1 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
1 hours ago
See @CUNA's @SchenkMike on TheStreet discussing a new surge consumer confidence http://t.co/SqjarTBLCQ
2 hours ago
.@CFPB pushes back cmmt deadline on proposal to allow consumer narratives in complaints database--now 9/22, was 8/22. http://t.co/mHLlRVjEij
2 hours ago
@FHFA will hold 8/14 outreach in Atlanta for homeowners who still could benefit from the HARP refinance program. More in #NewsNow Thurs.
3 hours ago