bank act 2025 usa

Vender Womder

2 min read

·

28-11-2024

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There is no "Bank Act of 2025" in the USA. Legislation in the United States is a complex and ongoing process. There is no single, overarching "Bank Act" that is revised annually. Instead, banking regulations in the US are governed by a patchwork of laws passed at different times, encompassing various aspects of the financial system. These laws are often amended and updated, but there isn't a single piece of legislation re-titled every year.

To understand banking regulations in the US, one must look at several key pieces of legislation and agencies:

• The Federal Reserve Act of 1913: This act created the Federal Reserve System, the central bank of the United States. It plays a crucial role in regulating banks and monetary policy.

• The Banking Act of 1933 (Glass-Steagall Act): This act separated commercial banking from investment banking, a key element of banking regulation for decades. (Note: Parts of this act were repealed by the Gramm-Leach-Bliley Act of 1999).

• The Securities Exchange Act of 1934: This law regulates securities markets and, indirectly, the activities of banks involved in securities transactions.

• The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010: This act was passed in response to the 2008 financial crisis and introduced significant changes to banking regulation, including increased oversight and consumer protection measures.

• The Gramm-Leach-Bliley Act (GLBA) of 1999: This act repealed parts of the Glass-Steagall Act and allowed for the consolidation of commercial and investment banking activities under certain conditions.

Current Banking Legislation and Regulatory Agencies:

The above are only some of the major pieces of legislation. Currently, several agencies oversee the banking industry in the US, including:

• The Federal Reserve (The Fed): Sets monetary policy, regulates banks, and oversees the payments system.

• The Office of the Comptroller of the Currency (OCC): Charters and regulates national banks.

• The Federal Deposit Insurance Corporation (FDIC): Insures deposits in banks.

• The Consumer Financial Protection Bureau (CFPB): Enforces federal consumer financial laws, including those related to banking.

Therefore, instead of searching for a non-existent "Bank Act of 2025," it's crucial to understand the current legal framework and ongoing regulatory changes affecting the US banking system by consulting the websites of the above-mentioned agencies and researching specific aspects of interest within the banking sector. News sources covering financial legislation will also provide updates on proposed and enacted changes to banking laws.