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FTC Approves ASI Acknowledgment of Disclosures

The Federal Trade Commission has approved the acknowledgment of disclosure forms American Share Insurance had suggested for privately insured credit unions.

By Staff Writer | Updated on March 20, 2007

WASHINGTON and DUBLIN, Ohio — The Federal Trade Commission has approved the acknowledgment of disclosure forms American Share Insurance had suggested for privately insured credit unions.

The Financial Services Regulatory Relief Act of 2006 required that members of non-federally insured credit unions obtain acknowledgements that they understand that their deposits are not federally insured.

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