Foreclosure following FDIC assignment voidable 
Published: January 7, 2013
Tags: FDIC, Federal Deposit Insurance Corporation, foreclosure
The holder of an FDIC-assigned mortgage was required to record the assignment in order to accomplish a foreclosure by advertisement under state law, the Michigan Supreme Court has ruled in reversing a summary judgment.
IOLTA accounts set to lose unlimited FDIC protection
Published: December 26, 2012
Tags: Congress, Dodd-Frank Wall Street Reform and Consumer Protection Act, FDIC, IOLTA accounts
WASHINGTON – Unless Congress acts by year’s end, IOLTA accounts will lose the unlimited FDIC insurance protection that has been available to them since the enactment of the Dodd-Frank financial reform law.
Obama signs bill extending IOLTA account coverage
By:
Kimberly Atkins
Published: January 3, 2011
Tags: Congress, FDIC, IOLTA
WASHINGTON – A bill that extends full FDIC protection of Interest on Lawyer Trust Accounts for two more years has been signed by President Barack Obama.
Congress passes bill to extend IOLTA protection
By:
Kimberly Atkins
Published: December 29, 2010
Tags: Congress, FDIC, IOLTA
WASHINGTON – A bill passed by Congress would extend FDIC protection of Interest on Lawyer Trust Accounts into 2011, closing an inadvertent loophole created earlier this year by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
