Bankowość · 13/11/2008

FDIC Updates Insurability of Funds Under Stored Value Cards and Nontraditional Access Mechanisms

The FDIC has replaced its 1996 General Counsel's Opinion No. 8 (GC8) with a new version, clarifying the insurability of funds underlying stored value cards and other nontraditional access mechanisms, which will be subject to FDIC assessments and insurance up to the insurance limit.