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3 years ago

14

True or False Credit unions are not subject to federal regulations

Advanced Placement (AP)

2 answers:

Dvinal [7]3 years ago

8 0

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

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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