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Federal Deposit Insurance Corporation Each depositor insured to at the very least $250,000 per insured bank

Federal Deposit Insurance Corporation Each depositor insured to at the very least $250,000 per insured bank

Each depositor insured to at the very least $250,000 per insured bank

Remarks By Donna Tanoue Chairman Federal Deposit Insurance Corporation BeforeThe Seventh Annual Greenlining Economic Developing Summit Sacramento, Ca 13, 2000 june

It’s belated, therefore I shall be brief.

This seminar is all about building communities. It really is about producing possibility. About expanding success. And about sustaining the introduction of our best economic resource: Our people. All our individuals.

Banking institutions are chartered become machines of financial development.

To deliver the financial power that builds communities, produces possibility, expands prosperity, and sustains development.

But i will be right right here tonight to talk about just how some banks can be participating in a practice that is unbecoming the training of «renting away their charters,» therefore to talk, to nonbank payday lenders. The number of banks renting out their charters is small В– but that could change В– and that possibility triggers public policy concerns for the moment. Sigue leyendo Federal Deposit Insurance Corporation Each depositor insured to at the very least $250,000 per insured bank