Bankowość i finanse · 25/05/2011

NCUA Clarifies Share Insurance Coverage for Noninterest-Bearing Transaction Accounts Under Dodd-Frank Act

The National Credit Union Administration (NCUA) has issued a final rule clarifying the definition of a noninterest-bearing transaction account and expanding share insurance coverage for these accounts, which are now fully insured by the NCUA under Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.