The OCC and FDIC Both Propose a Madden Fix

On Monday it was the OCC and yesterday the FDIC; both banking regulators are working together to propose a fix to the Madden issue once and for all; after failing to advance in the past two sessions of Congress the OCC and FDIC have put forward a proposal that would address the marketplace uncertainty that has been created by Madden; industry reaction was swift and positive while consumer groups had the opposite reaction. Source