Obama Signs IOLTA Bill
Yesterday, President Obama signed the âCredit Union Share Insurance Fund Parity Actâ that will allow share insurance coverage for escrow accounts, such as lawyersâ IOLTA accounts, which have been covered for some time under the FDIC for banks. NCUA may still have to make changes to its regulations before federally-insured credit unions can begin offering these accounts to their members. [12/19/14]
