There are different types of banking rules to facilitate the depositor as well as the bank to gain from this. There are several rules to protect and safe guard the interest of both the bank and the customers’ avail ling the services of bank. Rules discussed here are implemented to extend credit facility to the depositors without discrimination. Regulations that safeguard their interests are:
Regulation A – Which prohibited the creditor from practicing discrimination based on the race, color, religion, national origin, sex, marital status, or age (if the applicant has the capability to keep the contract.. The regulation also maintained that creditors to have the authority to notify applicants about the actions taken on their applications; like reporting credit history, records of credit applications, collecting information about the applicant's race and other personal characteristics etc.
Regulation C – this regulation deals with the Home Mortgage Disclosure Act. Under this act public will have the access to know the through information about with loan data, which financial organization is offering the loans to their areas or communities?
Regulation D – this regulation gives information about the amount of reserves the depository institutions are required to maintain. It also gives information about MMDA and savings account transfer restrictions, and if there is any penalty for withdrawing earlier.
Regulation E – this regulation safeguard the individual consumers engaged in electronic fund transfers.
Regulation F – this regulation gives information about disclosure and reporting of CRA-Related Agreements
Regulation G – This regulation offers guidance on different matters relating to state-chartered member banks that covered a wide area from real estate lending standards to standards for safety and soundness.
Regulation H -- This regulation deals with the collection of checks and other cash and no cash items and the manning of returned checks by Federal Reserve Banks.
Regulation I – This regulation designed the rules that will control the international and foreign activities of U.S. banking organizations that includes methods for establishing foreign branches.