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Wednesday, June 23, 2010

More on TAG: Conference agrees on two-year extension

Late yesterday, the House and Senate conferees on the regulatory reform bill agreed to a provision that would extend the TAG Program for two years beyond its current Dec. 31, 2010 expiration date. The provision also grants coverage of non-interest bearing deposit accounts to credit unions, something NCUA has been requesting since October, 2008.

We’re still reviewing the language to understand the details of the extension.

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