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Federal Reserve Board of Governors

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Regulation AA: Unfair or Deceptive Acts or Practices [R-1490]

Proposal to repeal the Board's Regulation AA, 12 CFR part 227, which was issued pursuant to its rule writing authority under section 18(f)(1) of the Federal Trade Commission Act. Section 1092(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act repealed section 18(f)(1) of the FTC Act, thus eliminating the Board's rule writing authority under the Act.

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Last update: February 24, 2012