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What you need to know about NCUA’s IOLTA rule
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Banking, Consumer Protection, Legislation
Thursday, December 31, 2015
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Implementing amendments from the Insurance Parity Act, the National Credit Union Administration issued a final rule regarding its share insurance regulations for interest on lawyers trust accounts (IOLTAs) and “other similar escrow accounts.” Read on to learn more about the rule, what sort of accounts it covers and its feedback from the Credit Union National Association.
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