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FRS RIN: 7100-AE19 Publication ID: Spring 2015 
Title: Regulation AA--Unfair or Deceptive Acts or Practices (Docket No: R-1490) 
Abstract:

Proposal to repeal Regulation AA, which prohibited certain unfair or deceptive credit practices and described the Board of Governors of the Federal Reserve System (Board) internal procedures for handling consumer complaints.  Regulation AA was issued pursuant to the Board's rule writing authority under section 18(f)(1) of the Federal Trade Commission Act (FTC Act or 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  Section 1092(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act repealed section 18(f)(1) of the FTC Act, thus eliminating the Board's rule writing authority under the Act.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 227   
Legal Authority: 5 U.S.C. 1902(2)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comments  08/27/2014  79 FR 51115   
Board Expects Further Action  12/00/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Mandie Aubrey
Counsel
Federal Reserve System
Division of Community and Consumer Affairs,
Washington, DC 20551
Phone:202 452-2595