Learn English: Bank Guardians: Protecting Your Money (normal)

1 year, 7 months ago

Bank Guardians: Protecting Your Money

Banks have rules to follow, just like us. Regulators are like teachers who make sure banks stick to the rules.

The Federal Reserve is the 'super bank' that keeps the banking system working smoothly.

The FDIC is like a safety blanket for your bank accounts, up to a certain amount.

The CFPB is your go-to if you have questions or concerns about your bank.

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Source

Original: NerdWallet Blog

Tags

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

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