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Ways Congress Could Extend Tag

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The Federal Deposit Insurance Corp.'s unlimited coverage of non-interest bearing checking accounts is coming to a close.

The FDIC's Transaction Account Guarantee, created under the Dodd-Frank Act, is due to end on Dec. 31. Congress could extend TAG by attaching the bill "to broader, higher-profile legislation with bipartisan interest," writes American Banker's Joe Adler.

The TAG program could be added to several pending bills, some of which are not directly related to the financial sector.

For the full piece see "Four Ways for Congress to Pass a TAG Extension" (may require subscription).

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As Dodd-Frank's impact continues to be felt far beyond banks' compliance departments, American Banker is your eyes and ears. In addition to our award-winning coverage, we now also scour a range of resources to aggregate even more of the news you need on this vital topic.
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