3 years ago

True or False Credit unions are not subject to federal regulations

2 answers:

8 0

The Federal Reserve does not supervise or regulate credit unions. Federally chartered credit unions are regulated by the National Credit Union Administration, while state-chartered credit unions are regulated at the state level. The Fed is one of several banking regulatory agencies at the federal level.

katrin [286]3 years ago

7 0

The answer would be False. Credit unions have to follow laws just like any other business.

Hope this helped you! Good luck! :)

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