Search Results for keywords:"Regulation H"

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Search Results: keywords:"Regulation H"

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  • 2025-02254 — Agency Information Collection Activities: Announcement of Board Approval under Delegated Authority and Submission to OMB
    Type:Notice
    Citation:90 FR 9026
    Reading Time:about 2 minutes

    The Board of Governors of the Federal Reserve System has decided to extend, for three years, the requirements for disclosure connected with Regulation H, which concerns consumer protection in sales of insurance. This extension does not introduce any changes to the current requirements. Regulation H, implemented in 2000, mandates that banks provide certain information to consumers about insurance products or annuities in advertisements and credit applications. The extension, published for public comment in 2024, received no comments and will proceed as planned.

    Simple Explanation

    The people in charge of the country's money rules decided to keep the same rules about telling people important things when selling them insurance, and they didn't get any new ideas or changes from people outside, so they're just going to keep doing what they have been doing for the next three years.

  • 2021-03093 — Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
    Type:Notice
    Citation:86 FR 9939
    Reading Time:about 4 minutes

    The Board of Governors of the Federal Reserve System has decided to extend for three more years, without any changes, the recordkeeping, disclosure, and reporting rules related to securities transactions under Regulation H. These rules apply to state member banks (SMBs) and are designed to ensure they keep proper records, provide necessary transaction confirmations to customers, and establish policies for securities trading. The rules are carried out under sections 208.34(c), (d), and (g) of the regulation and are required by the Securities Exchange Act of 1934. The extension was announced without any public comments received on a notice issued in October 2020.

    Simple Explanation

    The people in charge of big money banks decided to keep some important rules the same for three more years. These rules help the banks remember to write down what they do with the money, tell people about it, and make sure they're following important money laws.