Who Regulates Financial Institutions?
Several different federal agencies regulate the different kinds of financial institutions. This section focuses briefly on those agencies. These agencies enforce the consumer protection laws discussed later in this chapter. State governments may also regulate financial institutions. However, this chapter does not discuss that type of regulation.
There are four federal regulatory agencies for U.S. financial institutions. These agencies make sure that U.S. financial institutions are sound, which means they are financially healthy and safe. These agencies also make sure that their institutions follow federal law. The federal bank regulatory agencies are:
- The Federal Reserve System
- The Federal Deposit Insurance ...
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