Utah Bank parity worry Ins. Groups
Sector insurance trade groups are still concerned about the possibility that national banks could Utah State has recently adopted the bank account of parity, HB 427, as a hold, to acquire skills warrant.
The law allows state-chartered banks, credit unions, industrial loan companies and savings and loan funds insurance activities on an equal footing with chartered institutions at the national level.
However, the two groups most against the bill, the American Insurance Association and the American Council of Life Insurance, may think they have a gap. “We fear the national banks could use to go to the Comptroller of the single currency.
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