http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corpo...
Consumer liability for unauthorized transfers. The consumer has limited liability if reported expediently.
You should read up more closely on the FDIC regulation -- they don't just provide insurance.
http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fd...
Also, a clever little loophole: if the bank goes insolvent paying their accounts back, you are then covered under FDIC insurance.
Consumer liability for unauthorized transfers. The consumer has limited liability if reported expediently.
You should read up more closely on the FDIC regulation -- they don't just provide insurance.
http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fd...
Also, a clever little loophole: if the bank goes insolvent paying their accounts back, you are then covered under FDIC insurance.