Clash in Store as FDIC Sets Deposit Insurance Hearings

Trade groups are expected to lock horns Tuesday at the first public hearing on deposit insurance reform.

The Federal Deposit Insurance Corp. is scheduled to hear from eight speakers representing banks, retired people, and consumers, among others. Topics include how much to charge, whether to rebate excess premiums, and how much protection to offer depositors. By yearend, the FDIC has pledged, it will recommend changes to Congress.