Janet Yellen was confirmed on Monday by a vote of 56 to 26 to be the next chairman of the Federal Reserve. Her term as the first women to head the 100 year old institution will begin on February 1st.…
2013 According to Jumbo Rate News: The Year in Retrospect
January brought with it the expiration of the Transaction Account Guaranty Program (TAG). (JRN 30:01) February’s report to Congress shows Bank parts of TARP made a profit for taxpayers. (JRN 30:07) March: We learned that senior executives of Ally Financial…
2013: The Year in Retrospect
January brought with it the expiration of the Transaction Account Guaranty Program (TAG). TAG added unlimited insurance coverage to “noninterest-bearing transaction accounts” (like checking accounts) regardless of the balance of the account. As of January 1, 2013, deposits are subject to…