Traditionally,regulation of FIs in the U.S.has been

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The regulation of FIs in the U.S. has been extensive due to the importance of FIs to the economy. This is evident from the establishment of various regulatory bodies such as the Federal Reserve System, the FDIC, and the SEC, which oversee the activities of FIs, ensure their safety and soundness, and protect consumers. The recent financial crisis also led to the enactment of new regulations such as the Dodd-Frank Act, which further strengthened oversight of FIs.

Traditionally,regulation of FIs in the U.S.has Been