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OLYMPIA, Wash. — The Washington Credit Union League has emphasized four issues it still has with the Department of Financial Institutions’ proposal on private deposit insurance that it generally supports.

First, WCUL President/CEO John Annaloro wrote in a comment letter that there is no reason for a private insurer to seek licensure from the insurance regulator, as the legislature entrusted that to DFI in writing the law permitting private insurance.

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