How a Firm Profiting From Deposit Insurance Caps Is Lobbying to Keep Them

A company called IntraFi offers two products that allow large depositors to spread their money among a network of hundreds of banks. If deposit insurance were uncapped, their business model would be worthless. It’s a full-court press to maintain a lucrative status quo.
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How a Firm Profiting From Deposit Insurance Caps Is Lobbying to Keep Them”