Protecting Bank Customers

Protecting Bank Customers

Question 1: What is the main purpose of bank regulation in the USA?

Banking sector considered as the back bone of economy of any country. In the past, the banks used for only money saving purposes but in the present era, banking sector completely transformed. The reason behind this transformation is the advancement in technology with the innovation in money making businesses. Due to the involvement of immense money, corruption and money laundering are the basic scams in the banking sector. From the day one, government of US working diligently to overcome the problem. Therefore, banking management regulates ...