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

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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 really is belated, and so I shall be brief.

This seminar is mostly about building communities. It really is about producing possibility. About expanding success. And about sustaining the development of our best financial resource: Our individuals. All our individuals.

Banking institutions are chartered become machines of economic development.

To produce the power that is financial builds communities Oregon City money payday loans, produces possibility, expands prosperity, and sustains development.

But i will be right here tonight to talk about just how some banking institutions could be participating in an unbecoming training — the training of “renting down their charters,” therefore to speak, 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.

As much of you realize, this organization В– through Bob GnaizdaВ’s forceful and eloquent terms — has criticized specific kinds of payday financing for undercutting the efforts of men and women to have ahead as well as for undermining communities by draining money from low- and moderate-income communities . . .Read More »Federal Deposit Insurance Corporation Each depositor insured to at the very least $250,000 per insured bank