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News Updates
2011 Local Bar and Texas Young Lawyers Associations Supporting LSC Funding Amarillo Young Lawyers Association Austin Bar Association Dallas Association of Young Lawyers Galveston County Bar Association Houston Young Lawyers Association Jefferson County Bar Association Jefferson County Bar Foundation Jefferson County Young Lawyers Association Lubbock Young Lawyers Association Smith County Bar Association Tarrant County Bar Association Texas Young Lawyers Association Tom Green County Young Lawyers Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2011
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FDIC
Protection of IOLTA Timeline Dec. 30, 2010 --
See
Statement from Richard L. Tate, TAJF Board Chair, on FDIC Protection of
IOLTA Accounts The Wall Street Reform Act
(Dodd-Frank Act) inadvertently failed to include full FDIC coverage on IOLTA
accounts (see Background below). The current insurance expires Dec. 31
and we need a legislative fix before Congress goes into recess. Please
send a letter (sample below) in support of the House Bill filed by Texas
Representative Lloyd Doggett to your local Congress member.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May 20, 2009 FDIC Deposit Insurance Coverage Reminder Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through Dec. 31, 2013. On Jan. 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the Oct. 3, 2008, changes.) The extension announced on May 20, 2009, does not apply to the Transaction Account Guarantee Program. The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through Dec. 31, 2009. This means that as of Jan. 1, 2010, funds held in IOLTA accounts, as well as those held in non-interest bearing transaction accounts, will be treated the same as the funds held in all other FDIC insured accounts: each depositor's total funds held in the financial institution will be insured up to a total of $250,000.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
State Bar and Local Bars Adopt Resolutions Supporting Funding for Legal Aid State Bar of Texas, April 1, 2009 Austin Bar Association, April 29, 2009 Cameron County Bar Association, April 20, 2009 Dallas Bar Association, March 19, 2009 El Paso Bar Association, March 23, 2009 Houston Bar Association, March 23, 2009 Lubbock County Bar Association, March 9, 2009
San Antonio Bar Association, April 14, 2009 Smith County Bar Association, March 20, 2009 Texarkana Bar Association , May 12, 2009 Texas Young Lawyers Association , May 2, 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Jan. 19, 2009
"Interest Rate Drop Has Dire Results for Legal Aid", New
York Times
Jan. 2, 2009
Opinion by Justice O'Neill in
San Antonio Express-News
"Legal aid is
crucial to a fair system" Dec. 23, 2008
NPR Marketplace features Texas
in
"Legal aid funding on the decline"
Free Online Legal Help Now Available for Hurricane Ike
Victims
Nov. 21, 2008 As long as your account is at a bank that has opted-in to this program, you no longer have to worry about whether IOLTA account balances will be insured, nor do you need to worry about establishing IOLTA accounts at several different financial institutions. The entire balance in your IOLTA account will be insured by the FDIC under the TLGP. You may leave your IOLTA account as is and be assured that the interest earned will continue to fund legal aid for low-income Texans. The December 2008
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