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Bankers: Industry reforms likely to cut into lending (access required)

by Rebecca Tonn

Published: July 10,2010

Time posted: 6:32 am

Tags: banking, Colorado Bankers Association

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In what the Colorado Banking Association has called a “controversial, last-minute bank-assessment tax,” Congress has asked banks to cover the costs of the new Consumer Financial Protection Bureau. The bank would do so by increasing the deposit insurance fund of the Federal Deposit Insurance Corp. Of course, increasing the insurance fund means asking banks to cough up ...





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