Search results
Results From The WOW.Com Content Network
The Expedited Funds Availability Act (EFA or EFAA) was enacted in 1987 by the United States Congress for the purpose of standardizing hold periods on deposits made to commercial banks and to regulate institutions' use of deposit holds. It is also referred to as Regulation CC or Reg CC, after the Federal Reserve regulation that implements the act.
The Expedited Funds Availability Act (EFAA) of 1987, implemented by Regulation CC, defines when standard holds and exception holds can be placed on checks deposited to checking accounts, and the maximum length of time the money can be held. A bank's hold policy can be less stringent than the guidelines provided, but it cannot exceed the guidelines.
Other laws and regulations that govern substitute checks in the United States include the Expedited Funds Availability Act, Article 3 (Negotiable Instruments), [15] and Article 4 (Bank Deposits and Collections) [16] of the Uniform Commercial Code (UCC), along with a variety of state and federal regulatory laws. U.S. federal laws that also ...
Expedited Funds Availability Act, of the United States Congress; IShares MSCI EAFE, an exchange-traded fund; Education. French School at Athens (French: École ...
The CPFF began operations on October 27, 2008 following the collapse of Lehman Brothers and government bailout of AIG and the global credit freeze that ensued. The CPFF method of short-term funding provided liquidity to U.S. issuers of commercial paper through a special purpose vehicle, aka SPV, which bought unsecured and asset-backed commercial paper for 3-month period from eligible issuers ...
Economic Growth and Regulatory Paperwork Reduction Act; Economic Growth, Regulatory Relief, and Consumer Protection Act; Edge Act; Electronic Fund Transfer Act; Emergency Banking Act of 1933; Emergency Economic Stabilization Act of 2008; Equal Credit Opportunity Act; Expedited Funds Availability Act
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate
This page was last edited on 9 February 2006, at 07:17 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.