Regulation AA

DEFINITION of 'Regulation AA'

A regulation designed to address practices by banks that are perceived as unfair by consumers. Regulation AA establishes the procedures used to process complaints registered by bank customers. This regulation applies to state member banks only.

BREAKING DOWN 'Regulation AA'

Regulation AA was created in response to numerous consumer complaints that were not being addressed in an orderly manner. Consumers who have complaints about their bank should send them to the Director of the Division of Community Affairs at the Board of Governors in Washington, DC.

RELATED TERMS
  1. Regulation F

    A regulation set forth by the Federal Reserve. Regulation F specifies ...
  2. Federal Reserve Regulations

    Rules put in place by the Federal Reserve Board to regulate the ...
  3. Revenue Cap Regulation

    A form of economic regulation generally applied to utility companies. ...
  4. Regulation I

    A regulation set forth by the Federal Reserve. Regulation I stipulates ...
  5. Bank

    A financial institution licensed as a receiver of deposits. There ...
  6. Regulation 9

    A regulation that permits national banks to open and operate ...
Related Articles
  1. Markets

    The Pitfalls Of Financial Regulation

    Regulatory actions usually have lofty intentions that end up with unintended and negative consequences.
  2. Markets

    Get To Know These Crucial US Options Market Regulations

    How are options regulated in the U.S and which organizations are involved in options market regulations?
  3. Markets

    S&P Downgrades EU to AA on Uncertain Outlook

    S&P says that revenue forecasting, long-term capital planning, and adjustments to key financial buffers of the EU will be subject to greater uncertainty
  4. Investing

    How Do Financial Regulations Affect Smaller Banks?

    Not to big to fail? We explain how US financial regulations affect smaller banks.
  5. Investing

    Financial Regulations: Glass-Steagall to Dodd-Frank

    Here are some of the most important financial regulations that have been established.
  6. Markets

    A Brief History of U.S. Banking Regulation

    From the establishment of the First Bank of the United States to Dodd-Frank, American banking regulation has followed the path of a swinging pendulum.
  7. Personal Finance

    Free Markets: What's The Cost?

    Some argue that when the free market fails to protect consumers, government regulation is required.
  8. Markets

    Explaining the Federal Reserve System

    The Federal Reserve System is the central bank of the United States. It regulates monetary policy and supervises the nation’s banking system.
  9. Financial Advisor

    What Triggers an SEC Audit for Financial Advisors?

    Advisors looking to avoid an SEC audit should pay heed to this list of what may catch the regulator's attention.
  10. Markets

    Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.
RELATED FAQS
  1. What impact does government regulation have on the financial services sector?

    Learn about how the financial services industry is affected by government regulation, and the different types of regulations ... Read Answer >>
  2. To what extent does government regulation impact the electronics sector?

    Learn more about production regulation in the electronics industry and how these regulations may contribute to lesser productivity ... Read Answer >>
  3. What are key government regulations that affect investing in the banking sector?

    Discover how the global financial crisis of 2008 changed the face of banking in the United States and around the world by ... Read Answer >>
  4. How are investment banks regulated in the United States?

    Read about the extensive regulations placed on investment banks in the United States, beginning with the Glass-Steagall Act ... Read Answer >>
  5. How strongly does government regulation impact the utilities sector?

    Read about the impact of government regulation on the utilities sector, particularly as is pertains to the water and electricity ... Read Answer >>
  6. How are asset management firms regulated?

    Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial ... Read Answer >>
Hot Definitions
  1. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  2. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  3. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  4. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  5. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
  6. Sensex

    An abbreviation of the Bombay Exchange Sensitive Index (Sensex) - the benchmark index of the Bombay Stock Exchange (BSE). ...
Trading Center