Final answer:
The acronym MARI is not a recognized financial regulatory agency. However, familiar entities like the CFPB regulate financial practices to prevent mortgage fraud and consumer abuse.
Step-by-step explanation:
The student's question refers to MARI, which does not match any well-known acronym related to financial institutions or regulatory bodies. However, if we consider related topics, there are regulatory and supervisory bodies such as the Consumer Financial Protection Bureau (CFPB) that oversee certain financial practices, including those of mortgage lenders. The CFPB is an agency tasked with protecting consumers by regulating financial products and services, which includes acting against mortgage fraud.
In bank supervision programs administered by various government agencies, what is being supervised include the financial activities of banks to ensure they are in compliance with laws and regulations, maintaining sound banking practices, and protecting consumers from abuses. The lender of last resort is typically a central bank that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered high-risk where others are unwilling to lend.
As for the agencies mentioned:
- The Federal Deposit Insurance Corporation (FDIC) insures deposits into banks and thrifts to maintain public confidence and encourage financial stability.
- The National Credit Union Administration (NCUA) provides a similar insurance function for credit unions.
- The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises national banks and federal savings associations.