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Yesterday’s financial services regulatory overhaul deal to force banks to fund the FDIC’s return from a 1.15% equity ratio to 1.35% has the American Bankers Association asking what about the NCUSIF.

ABA President/CEO Edward Yingling stated that the banks have paid tens of billions of dollars to maintain the integrity of the FDIC, but traditional banks would be paying for a financial crisis they did not cause. He claimed the FDIC is being used to offset costs of other government programs.

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