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Nadia could not withdraw money from her checking account, even though it had been several weeks since she deposited a check. What act protects her from this?1. Equal Credit Opportunity Act2. The Truth
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Nadia could not withdraw money from her checking account, even though it had been several weeks since she deposited a check. What act protects her from this?1. Equal Credit Opportunity Act2. The Truth in Lending Act3. Expedited Funds Availability Act4. The FDIC Deposit Regulations Act

User Paaske
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Answer:

4) The FDIC Deposit Regulations Act

Step-by-step explanation:

Federal Deposit Insurance Corporation (FDIC) was created by the Banking Act of 1933, and its main function if to provide deposit insurance to depositors in US depository institutions (banks, credit unions, etc.).

In an event of a bank failure, the FDIC protects the depositor's money as long as the bank is insured by the FDIC. The FDIC covers accounts of up to $250,000.

User Sufiyan Ghori
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