Federal Deposit Insurance Corporation Improvement Act (FDICIA)

A 1991 law that increased the FDIC's ability to protect consumers. The Act increased the US Treasury's line of credit to $30 million, required tougher auditing and reporting standards, and created the Truth-In-Savings regulation that required member banks to disclose and support advertised savings yields. The law arose from the savings and loan crisis of the early 1990s.