The Financial Institutions Reform, Recovery, and Enforcement Act of 1989
3 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) was created in response to the savings and loan crisis, after hundreds of thrifts failed in the 1980s. This course explains the law.
What this course covers:
- Why FIRREA was enacted after the savings and loan crisis
- The regulatory changes it made to the thrift system
- Its impact on the real estate appraisal industry
- What the act was designed to accomplish
Built for financial professionals who need to understand FIRREA and its lasting reforms.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
FIRREA was created in response to the savings and loan crisis, after hundreds of thrifts failed during the 1980s, and the course explains the circumstances that pushed lawmakers to overhaul thrift regulation nationwide following those widespread failures.
The course covers the regulatory changes FIRREA made to the thrift system, detailing how the law restructured oversight of savings and loan institutions following the widespread failures of the previous decade across the industry. It is one of the specific points the course on the FIRREA walks through in depth.
It examines FIRREA's impact on the real estate appraisal industry, showing how the law reshaped appraisal standards as part of its broader regulatory response to the crisis that struck the thrift sector so hard. The course keeps this grounded in the practical realities covered under the FIRREA.
The course explains what the act was designed to accomplish overall, tying its individual regulatory reforms back to the larger goal of stabilizing the financial system after the thrift failures of the 1980s savings and loan crisis.
It is built for financial professionals who need to understand FIRREA and its lasting reforms, giving them context on a law that continues to shape thrift regulation and appraisal practice today. It reflects the kind of applied detail the course builds into its coverage of the FIRREA.
