Savings and Financial Equality Act of 1980

[AI summary unavailable — showing source text] Savings and Financial Equality Act of 1980 - Title I: Elimination of Interest Ceilings - Prohibits any differential between the interest rates payable by federally insured banks and thrifts on any type of deposit or account authorized or modified after February 19, 1980. Defines "modification" to include only a one percent change in the interest rate payable on any deposit or account authorized prior to December 31, 1975. Permits the establishment of a differential if the Congress approves a written request of the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank Board. Prohibits any interest rate differential between federally insured banks (other than savings banks) and savings banks having capital stock which are affiliated with insured banks (other than savings banks). Extends the authority of the regulatory agencies to set maximum interest rates on deposits and accounts (Regulation Q) until December 15, 1985. Directs the regulators to increase interest rates on savings deposits by one-half percent within one year. Requires the regulators, through December 31, 1985, to establish e…