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Congress retroactively raises FDIC deposit insurance limits, aiding IndyMac account holders

Congress retroactively raises FDIC deposit insurance limits, aiding IndyMac account holders
Lawmakers completing an overhaul of financial regulations also agree to permanently increase coverage for individual accounts to $250,000. Lawmakers completing a sweeping overhaul of financial regulations have given 8,700 former account holders at failed IndyMac Bank a surprise gift, retroactively increasing government-backed deposit insurance limits that would allow them to recover some of …

Read more on Los Angeles Times

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Tags : account, aiding, congress, deposit, fdic, holders, indymac, insurance, limits, raises, retroactively

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