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ABA Statement on TruPS Litigation

 

Jan 16 - The American Bankers Association has released the following statement by Frank Keating, ABA president and CEO:

“After reviewing the regulators’ interim final rule and assessing the relief it provides affected banks, we have decided to withdraw our request for emergency relief in the pending litigation.  We are, however, deferring a decision on dismissal of the litigation to allow time to consult with our membership and finalize our analysis of the impact and implications of the interim final rule.”


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