While the world may escape the impending doom at the end of this month, depository institutions will not get off so easily. December 31 marks the end of a banking era with the expiration of the Temporary Unlimited Coverage for Noninterest-Bearing Transaction Accounts. The Dodd-Frank Act implemented this program in December 2010 to provide temporary unlimited deposit insurance coverage for noninterest-bearing transaction accounts (NIBTAs) at all FDIC-insured depository institutions. So what does the expiration of this program mean to community… [more]