Prior to 1989, the S&L industry was regulated by which of the following?

Question

Quizplus · Accepted Answer

Prior to 1989, the S&L industry was regulated by the Federal Home Loan Bank Board. The OTS was created in 1989 as a result of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), which abolished the Federal Home Loan Bank Board and transferred regulatory authority over S&Ls to the newly created OTS. The Fed and FDIC also have regulatory roles in the banking industry, but they were not the primary regulators of S&Ls prior to 1989.

Prior to 1989, the S&L Industry Was Regulated by Which