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Repeal Regulation D (Reserve Requirements for Depository Institutions)

Created by C.G. on December 27, 2013

In consumer banking, "Regulation D" often refers to §204.2(d)(2) of the regulation, which places a limit of six withdrawals or outgoing transfers per month from savings or money market accounts via several transaction methods. This making it more difficult for families to get their hard earned money at times of need. It hurts the middle and lower classes to have the banks be able to charge a fee for exceeding this and/or to close your hard earned savings account. This needs to be repealed or changed to remove the 6 transaction limit that is or will be hurting every American.

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