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What Is Regulation CC? Definition, Purpose and How It Works

Financial Concepts

Definition

Regulation CC is one of the banking regulations set forth by the Federal Reserve. Regulation CC implements the Expedited Funds Availability Act (EFAA) of 1987 and the Check Clearing for the 21st Century Act (Check 21). These laws set specific requirements for the timely availability of deposits that are made by customers into transaction accounts. These laws addressed the lengths of hold times ban

In Panel Profits

In the Panel Profits market platform, What Is Regulation CC? Definition, Purpose and How It Works applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.