Tag Archives: Federal Reserve Board

Federal Reserve Board Proposes to Repeal Its Regulation AA (Unfair Credit Practices)

acts and regulations
The Board of Governors of the Federal Reserve System is requesting comment on its proposal to repeal its Regulation AA, which for nearly 30 years has prohibited banks from engaging in specified unfair and deceptive credit practices. In the Federal Trade Commission Act (the FTC Act), Congress directed the Federal Trade Commission (FTC) and the Federal Reserve … Continue reading this entry

Federal Reserve Issues Credit Card Act Regulations

The Federal Reserve Board issued final rules yesterday amending Regulation Z and implementing certain provisions of the Credit Card Accountability and Disclosure Act of 2009. Most of the rules are effective February 22, 2010. A couple are already in place. The final rules are more than 1500 pages long counting the commentary, but are summarized … Continue reading this entry