Question

Areas of commercial bank regulation dealing with preventing banks from discriminating unfairly in lending are termed ______________________ regulations.

1 safety and soundness2 consumer protection
3 investor protection
4 credit allocation
5 monetary policy

Answer 1

The correct answer is number (2): consumer protection.

Step-by-step explanation:

Consumer protection refers to all those rights customers have while engaging commercial transactions. These rights protect clients from being deceived, discriminated or victims of fraud by merchants. If such situations happen, consumers can recur to the Federal Trade Commission of the Bureau of Consumer Protection to fail a complaint.