Final Rule: Federal Interest Rate Authority

Details

• Publisher's site:
  https://www.fdic.gov/|FDIC.gov
• Personal Author:
  Jelena McWilliams
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  FDIC Board of Directors Meeting, Chairman statement in favor of final rule regarding Federal Interest Rate Authority implementing sections 27 and 24(j) of the Federal Deposit Insurance Act (FDI Act) to codify FDIC guidance on interest rates state banks can charge.
• Dataset Download URL:
  https://www.fdic.gov/news/speeches/spjun2520b.html
• Format:
  PDF
• Release Date:
  06/25/2020
• Update Date:
  06/25/2020
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; U.S. Court of Appeals for the Second Circuit ; Office of the Comptroller of the Currency (OCC)
• Fdic Employee Involved:
  Jelena McWilliams
• Law Involved:
  Federal Deposit Insurance Act (FDI Act) ; National Bank Act ; Riegle-Neal Interstate Banking and Branching Efficiency Act ; Depository Institutions Deregulation and Monetary Control Act of 1980
• Related Legal Case:
  Madden v. Midland Funding, LLC, 786 F.3d 246 (2d Cir. 2015), cert. denied, 136 S. Ct. 2505 (2016)
• Source:
  FDIC Website
• Main Document Checksum:
  urn:sha-512:985b742fa75bfd1b0f1902a137c36e9a1ba531902e5e74b6226eebcc2fd8fd7cdfe8afbb2a05f68dec9eb19a1b03adbe0aa1e7bd4cf6fa0e372c322d737285b3
• Download URL:
  https://archive.fdic.gov/view/fdic/15232/fdic_15232_DS1.pdf
• File Type:
  [PDF - 148.92 KB ]