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Regulation Qarms race in savings rates debate
A 1978 King Features Syndicate piece argues Regulation Q keeps passbook savers at about five percent while mortgage and consumer loan rates rise to ten to eighteen percent. It contends the law favors wealthier savers, enabling jumbo certificates and money market funds to yield higher returns, and notes credit unions and savings bonds offer alternative, tax-advantaged options.
MENTIONED IN THIS ARTICLE
Congress
Avings
Money Market Mutual Funds
Investment Company Institute
E. St. NW
Washington, D.C
King Features Syndicate, Inc