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It was acquired by CUC International in 1992. In 1996, CUC merged with HFS, who owned RCI. Because of antitrust concerns, Interval was sold to Willis Stein & Partners. [1] In 2002, USA Interactive (later renamed IAC), acquired Interval. [2] Interval Leisure Group (later renamed ILG) was spun off of IAC in 2008 as a publicly-traded company. [3]
Miami, Florida-based ILG was the parent entity to Interval International which was founded in 1976. [12] Interval International operates global membership programs for more than 1.6-million-member families. It also provides value-added services and benefits to its developer clients worldwide.
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability.
RCI (formerly Group RCI and, before that, Resort Condominiums International) is a timeshare exchange company with over 4,300 affiliated resorts in 100 countries. Founded in Indiana in 1974 by Jon and Christel DeHaan , RCI is one of the two main timeshare exchange businesses, along with Interval International (II).
The bill, if it were to become law, would extend "by two business days, for American Samoa, any time periods established for large or redeposited check, repeated overdraft, reasonable cause, or other emergency exceptions to the 30-day funds availability requirements for deposits in an depository institution account by a new depositor."
The United States was the second country (after Czechoslovakia) [9] to officially enact deposit insurance to protect depositors from losses by insolvent banks. In 1933 the Glass–Steagall Act established the Federal Deposit Insurance Corporation (FDIC) to insure deposits at commercial banks.
The Insured Network Deposits (IND) service was a deposit sweep service for broker-dealers and other custodians of funds. In 2021, the service was reconfigured with several other services offered by IntraFi Network (formerly Promontory Interfinancial Network) into IntraFi Network Deposits, and IntraFi Funding.
The International Association of Deposit Insurers (IADI) is the global standard-setting body for deposit insurance systems. It contributes to the stability of financial systems by enhancing the effectiveness of deposit insurance and promoting international cooperation on deposit insurance and bank resolution arrangements in active partnership with other international organisations.