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DUBLIN, Ohio — American Share Insurance commended Congress for including a provision to update the FDIC Improvements Act disclosures in the regulatory relief bill. While FDICIA required privately insured credit unions to disclose that they are not backed by the federal government, implementing regulations and enforcement were never funded. Now that Congress has funded enforcement of the 12-year-old law and clarified authorities, some cleaning up needed to be done in keeping with the times.

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