Probably the most important feature of FDICIA is its prompt corrective action provisions which require the FDIC to intervene earlier and more vigorously when a bank gets into trouble.

Question

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This statement is true. The prompt corrective action provisions of FDICIA require the FDIC to take action sooner and more forcefully when a bank is experiencing financial difficulties, with the goal of minimizing losses to depositors and taxpayers. This includes requirements for increased capital levels, restrictions on growth and activities, and ultimately, resolution or closure of the institution if necessary.

Probably the Most Important Feature of FDICIA Is Its Prompt