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The Fed’s Update of Reg D

Answered by: 

Question: 
What, exactly, did the Federal Reserve Board change in Regulation D that affects savings accounts?
Answer: 

The definition of savings account was amended to immediately remove the wording that limited transfer and withdrawal activity from these accounts.

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Learn more about John Burnett’s webinar Limits on Savings Account Transfers – An Update

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First published on 05/10/2020

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