An area of FOMC board responsibilities is the development and administration of regulation that implement major federal laws governing consumer credit, such as:

Question

Quizplus · Accepted Answer

The FOMC is responsible for implementing regulations related to major federal laws governing consumer credit, such as the Truth in Lending Act and the Equal Credit Opportunity Act (A), as well as the Home Mortgage Disclosure Act and the Truth in Savings Act (B). The Sunshine Act (C) is not related to consumer credit.

An Area of FOMC Board Responsibilities Is the Development and Administration