Federal Reserve Board Issues Repeal of Regulation AA and Requests Comment on Proposal to Repeal Regulation C

Orrick - Finance 20/20
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On February 11, the Federal Reserve Board announced: (i) the repeal of Regulation AA, which regulated unfair practices; and (ii) the proposed repeal of Regulation C, through which it effectuated the laws contained in the Home Mortgage Disclosure Act. The Board took these actions because of the language in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Release.

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