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 Dodd-Frank Wall Street Reform and Consumer Protection Act is a sweeping legislative overhaul signed into law in 2010 to address the financial crisis of 2007-2010. It aims to improve financial stability and protect consumers by regulating financial institutions more rigorously.
The central federal banking system that regulates and provides services to member commercial banks, and is responsible for conducting federal monetary policy.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) was enacted in response to the Savings and Loan (S&L) crisis, aiming to restructure the regulatory framework and revitalize the financial industry.
The Office of Federal Housing Enterprise Oversight (OFHEO) was an independent entity within the Department of Housing and Urban Development (HUD) responsible for ensuring the financial safety and soundness of Fannie Mae and Freddie Mac until it was replaced by the Federal Housing Finance Agency (FHFA) in 2008.
The rediscount rate is the interest rate charged to commercial banks and other financial institutions for borrowing funds from the Federal Reserve's discount window. It plays a crucial role in monetary policy and financial regulation.
The Securities and Exchange Commission (SEC) is a U.S. government agency that oversees securities transactions, activities of financial professionals and mutual fund trading to prevent fraud and intentional deception.
The Shadow Banking System refers to the network of financial intermediaries that operate outside the traditional banking system and its regulatory framework.
