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USAA Could Be Hurt by Financial Reform Legislation

Friday, April 23, 2010 - 6:11 PM
USAA and its bank have a solid reputation for insurance and banking products. It's unfortunate to see that the financial reform that is being discussed in the Senate could end up hurting USAA due to the Volcker rule. According to this article
The Volcker rule could limit investments on the insurance side, because USAA is also a commercial bank.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600
1. Sunday, April 25, 2010 - 3:18 AM
A lot of recent purchases of insurance companies by banks (such as Citibank buying Travelers) has been under scrutiny as banks divested into other industries.  Some of the problems that appeared in 2008 were attributed to allowing banks to expand their operations to other areas.
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,950