Colorado Springs Financial Briefs: September 30, 2005
Colorado Springs Business Journal › September 30, 2005
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Summary
FDIC Chairman Donald E. Powell this week expressed concern about the future of the dual U.S. banking system and the future protection of consumers.
Powell warned that banking activity conducted through state- chartered banks is dwindling and that if the trend continues, competitive fairness and states' ability to enforce laws protecting consumers could be compromised.See the full content of this document
Extract
Colorado Springs Financial Briefs: September 30, 2005
Action at the federal level is necessary to preserve a healthy federal and state banking system, he said.
Powell's comments came during the American Bankers Association's Annual Convention in Palm Desert, Calif.He noted that the dua...See the full content of this document
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