The Albany Plan of Union was not a plan for independence; in fact, it still subjected the colonial governments to British control. However, many British and Americans still considered the plan too extreme, so it was ultimately never implemented.
DEFINITION of 'Regulation U' Regulation U is a Federal Reserve Board regulation that governs loans by entities involving securities as collateral and the purchase of securities on margin. Regulation U limits the amount of leverage that can be extended for loans secured by securities for the purpose of buying more securities.
If a nonbank lender is eligible to deregister and does so by filing a form G-2, the lender ceases to be subject to the requirements of Regulation U when the deregistration is approved by the Federal Reserve Board.