ABA urges FDIC to pause special assessment collection
By ABA Banking Journal Staff
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Operational Brief
The American Bankers Association (ABA) has urged the FDIC to defer collection of a special assessment on certain banks, citing ongoing litigation related to recent bank failures. This move would provide more time for legal proceedings regarding loss recovery.
Why It Matters for Texas Credit Unions
The article does not mention Texas or any Texas-specific entities and is focused on a national issue involving the FDIC and ABA.
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The FDIC should defer collection of the special assessment imposed on certain banks following the failures of Silicon Valley Bank and Signature Bank, which would give more time for litigation to play out regarding the recovery of losses caused by the closures, ABA said in a letter to the agency. The post ABA urges FDIC to pause special assessment collection appeared first on ABA Banking Journal .