Depository Institutions Deregulation Committee

BEFORE THE DEPOSITORY INSTITUTIONS DEGULATION COMMITTEE: Premiums, Finders Fees, and the Payment of Interest in merchandise

by Bruce D. Fitzgerald July 16, 1980 Depository Institutions Deregulation Committee

The Council on Wage and Price Stability has urged that the Depository Institutions Deregulation Committee (DIDC) reconsider its proposed regulations which would prevent banks from giving gifts to new accounts, paying finders’ fees to third parties, and paying interest in the form of merchandise.  The Council reasoned that these practices result largely from restrictions (which […]

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