Which Agency Oversees Banking Operations in the United States? Several agencies oversee banking operations in the U.S., including the Federal Reserve, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA)....
In the United States, theOffice of the Comptroller of the Currency (OCC)does not regulate state banks. The OCC is a federal agency that oversees banks operating nationally. The Federal Reserve (the Fed) does regulate some state banks, along with those that are not under the jurisdiction of ...
It’s important to note that the U.S. Securities and Exchange Commission (SEC), an independent federal agency, regulates ETFs in the United States. This means that the government oversees the trading of ETFs in order to ensure investors’ safety and prevent fraud. ...
A“jumbo loan” is a mortgage with a loan amount that exceeds theconforming loan limit. It is set by the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac. This limit can change annually and is currently $806,500 for a one-unit property in the contiguous ...
An important enforcement agency in the U.S. is the Federal Trade Commission (FTC). Its authority to regulate on behalf of consumer protections comes from The Federal Trade Commission Act (FTC Act), which has broad jurisdiction over commercial entities under its authority to prevent unfair or "...
Congress oversees the Federal Reserve through audits and testimony, but all decisions that the Fed makes are independent. The Fed operates through its three entities: Board of Governors The Federal Reserve Board of Governors is a centralized authority based in Washington, D.C., that oversees the...
Bill C-81, the Accessible Canada Act: An Act to Ensure a Barrier-free Canada aims to benefit all Canadians, especially those with disabilities, by helping to create a barrier-free Canada.
Army Corps of Engineers, which oversees the design and construction of levees, had been hit by budget cuts. This left the agency with fewer experienced engineers. As New Orleans continues to rebuild from the disaster, some of these concerns are finally being addressed. The Netherlands faced a ...
Student loans and financial aid The Education Department manages approximately $1.5 trillion in student loan debt for over 40 million borrowers. It also oversees the Pell Grant, which provides aid to students below a certain income threshold, and administers the Free Applicat...
The U.S. Department of Housing and Urban Development (HUD) oversees the Federal Housing Administration (FHA). The FHA insures mortgages for homebuyers with little cash for a down payment and lower-than-average credit scores. HUD itself doesn’t guarantee mortgages for individual homes unless you...