Because finance companies do not accept deposits, they do not have bank regulators providing oversight of their activities.

Question

Quizplus · Accepted Answer

Finance companies do not accept deposits, which means that they are not subject to regulations by bank regulators. However, they are still subject to regulations from other government agencies such as the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC).

Because Finance Companies Do Not Accept Deposits, They Do Not