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Where to Find REF Repeal of Reg Q (Demand Deposit)

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REF: Repeal of Reg Q allowing interest on demand deposit account. Where can I find this change in the regulation since the new CFPB has taken over? It was previously in FDIC Part 329 Section 329.1 (b)...Where can I find the new wording?

You can locate that information here. That's the final rule in which the FDIC withdrew its regulation on Interest on Deposits, which tracked the Federal Reserve Board's Regulation Q. Regulation Q was rescinded in this final rule issued by the Fed. Note that neither regulation involved the CFPB, although the changes were mandated by the Dodd-Frank Act.

The FDIC retained the portion of the regulation defining interest and premiums, but relocated it to its Deposit Insurance Regulations at 12 CFR Part 330.

First published on 3/5/12

First published on 03/05/2012

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