Who enforces consumer protection regulations? What types of consumer protections does the Federal Reserve monitor?
Congress has assigned the Federal Reserve responsibility for implementing certain consumer protection laws. These laws cover almost all financial transactions involving consumers, such as ATMs, credit cards, checking and savings accounts, and loans. For a list of the specific consumer regulations the Federal Reserve enforces, go to www.federalreserve.gov/Regulations.
Related Questions
- Who enforces consumer protection regulations? Which types of consumer protections does the Federal Reserve monitor?
- Who enforces consumer protection regulations? What types of consumer protections does the Federal Reserve monitor?
- Do regulations or law provide any consumer protections for online banking use?
