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Home / News Stories / FDIC will back full amount of IOLTA accounts (access required)

FDIC will back full amount of IOLTA accounts (access required)

The Federal Deposit Insurance Corp. will cover the full amount of lawyers’ IOLTA accounts, under new regulations adopted Nov. 21. The regulations are part of the agency’s transaction account guarantee program, which in turn is part of its Temporary Liquidity Guarantee (TLG) program that is designed to enhance confidence in lenders through December 2009. The original proposal ...

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