FDIC hits up industry for three years of payments

By Geert De Lombaerde Posted on September 29, 2009 at 1:28 pm

Rather than impose another special one-time assessment to replenish its coffers, the Federal Deposit Insurance Corp. is proposing that banks pay their dues for 2010, 2001 and 2012 before the end of this year. It’ll hurt, but not as much as the alternative.

“It’s certainly a better solution than taking a large chunk of money out of banks’ income and capital,” James Chessen, chief economist at the American Bankers Association, said after the meeting.

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Tags: American Bankers Association, banking, Federal Deposit Insurance Corp., financial regulation  

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