The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980 is a landmark federal law that significantly reformed the regulatory environment for financial institutions, allowing savings and loan associations to compete more effectively with commercial banks while also standardizing reserve requirements for banks.
The Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) deregulated financial institutions and thereby broadened the range of banking activities available to them. The act aimed to improve monetary policy control, enhance banking sector competition, and provide more comprehensive services to consumers.
