Learn English: Bank Bosses: Keeping Money Safe (easy)

1 year, 7 months ago

Bank Bosses: Keeping Money Safe

There are special bosses called regulators who watch over banks to make sure they're not being naughty.

The Federal Reserve is like the big boss bank, making sure banks don't get into trouble.

The FDIC protects your money in the bank, like a superhero for your savings.

The CFPB helps you if you have a problem with your bank, like a friendly advisor.

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Source

Original: NerdWallet Blog

Tags

#banking #regulation #financial institutions #consumer protection #financial literacy

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