Each depositor insured to at the least $250,000 per insured bank
Remarks By Donna Tanoue Chairman Federal Deposit Insurance Corporation BeforeThe Seventh Annual Greenlining Economic Developing Summit Sacramento, Ca 13, 2000 june
It really is belated, thus I will be brief.
This seminar is approximately building communities. Its about creating possibility. About expanding prosperity. And about sustaining the introduction of our best resource that is economic Our people. All our individuals.
Banking institutions are chartered become machines of financial development.
To supply the power that is financial builds communities, produces possibility, expands prosperity, and sustains development.
But I am right right here tonight to go over exactly just how some banking institutions are participating in an unbecoming training — the training of “renting away their charters,” so to talk, to nonbank payday lenders. For the minute, the sheer number of banking institutions leasing out their charters is small В– but that may change В– and that possibility causes general public policy issues. Read more ›