Monday, 18 April 2011

Banking - Key Laws and Regulations

The key laws and regulations including all the Federal Reserve's "lettered" regulations are the most user-friendly forms available. Each regulation or law has its own table of contents page and consists their own importance in banking. Each alphabetical order has their own regulation. The important among them are,Regulation A - Relates to extensions of credit by Federal Reserve Banks to depository institutions and others. It establishes rules under which Federal Reserve Banks may extend credit to depository institutions and others. Regulation B - Prohibits creditor practices that discriminate on the basis of race, color, religion, national origin, marital status, or age provided the applicant has the capacity to contract

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