Did the Requirements Within Regulation AA Go Away With Its Repeal?

Financial Institutions

July 01, 2016
by Cindy Mabry, CRCM, CCBCO

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Cindy Mabry Cindy Mabry, CRCM, CCBCO

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On March 21, 2016, the Federal Reserve Board’s (the Board’s) repeal of Regulation AA (Unfair or Deceptive Acts or Practices) became effective. Since the announcement of the repeal, we have been receiving questions regarding what happened to the requirements that were within the regulation. More specifically, financial institutions want to know whether they can discontinue providing a Notice to Cosigner and whether they are now allowed to take a security interest in household goods.

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