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Under the act, a national bank association has the power to do what is necessary for its banking business. In 1994, amongst a time of national bank expansion across state lines, Congress clearly declared its aim to create a path of freedom from state regulations by adopting the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 ...
The act regulated the state's government agencies' abilities to access nonpublic consumer information. As a result of the act, California's government agencies are not authorized to access financial records unless the consumer gives consent or if a subpoena or a search warrant is issued for the information. [16]
Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) is a proposal for bank regulation in the United States under Federal Reserve Regulation AA. The Board of Governors of the Federal Reserve System announced in a press release on Saturday, May 2, 2008, that the proposed rules, "prohibit unfair practices regarding credit cards and overdraft services that would, among other provisions ...
The Depository Institutions Deregulation and Monetary Control Act of 1980 (H.R. 4986, Pub. L. 96–221) (often abbreviated DIDMCA or MCA) is a United States federal financial statute passed in 1980 and signed by President Jimmy Carter on March 31. [1]
The Expedited Funds Availability Act (EFAA) of 1987, implemented by Regulation CC, defines when standard holds and exception holds can be placed on checks deposited to checking accounts, and the maximum length of time the money can be held. A bank's hold policy can be less stringent than the guidelines provided, but it cannot exceed the guidelines.
Federal Deposit Insurance Corporation (FDIC): Insuring bank accounts was a direct result of the Emergency Banking Act, thus giving the U.S. the FDIC. Today, bank accounts that are FDIC-insured are ...
The Banking Act of 1933 (Pub. L. 73–66, 48 Stat. 162, enacted June 16, 1933) was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms. [1]
On April 12, 2011, Representative Marcy Kaptur (D-OH) introduced in the House the "Return to Prudent Banking Act of 2011" (H.R. 129), which would have (1) amended the Federal Deposit Insurance Act to add prohibitions on FDIC insured bank affiliations instead of reenacting the affiliation restrictions in Glass–Steagall Sections 20 and 32, (2) directed federal banking regulators and courts to ...