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Tag Archives: Bankruptcy Reform For Banks

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Congress Votes on Bankruptcy Reform For Banks

By Moran, Sanchy & Associates |

Recently the United States House of Representatives voted to approve new legislation on bankruptcy code for banks across the country. Officially known as the Financial Institution Bankruptcy Act of 2017 (FIBA), the legislation is designed to avoid taxpayer bailouts and financial crisis in the event that a bank fails. Supporters of the legislation believe… Read More »