Which of the following regulates commercial banks as well as savings banks and savings and loans?

Question

Quizplus · Accepted Answer

The Office of the Comptroller of the Currency (OCC) regulates commercial banks as well as savings banks and savings and loans. The Federal Reserve System also plays a role in regulating these institutions, but the OCC is specifically responsible for overseeing their operations and ensuring their compliance with federal banking laws and regulations. The Securities and Exchange Commission (SEC) primarily regulates securities markets and investment firms, not banks. The Internal Revenue Service (IRS) is responsible for collecting and enforcing tax laws, but does not directly regulate banks.

Which of the Following Regulates Commercial Banks as Well as Savings