Bankowość i finanse · 22/12/2010

Share Insurance and Appendix: NCUA Proposes Rule for Temporary Full Insurance Coverage of Noninterest-Bearing Transaction Accounts

The National Credit Union Administration (NCUA) Board is proposing a rule to clarify the definition of a noninterest-bearing transaction account and to provide temporary full insurance coverage for such accounts, in addition to existing share insurance rules. This proposed rule aims to improve transparency and disclosure requirements.