by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
What is the Federal Deposit Insurance Corporation?The Federal Deposit Insurance Corporation (FDIC) is an autonomous federally-controlled agency that backs deposits in the banks in case of bank failures. It was formed in 1993 to restore public confidence and to promote...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Fair and Accurate Credit Transactions Act of 2003?How Does FACTA Work? What is the Fair and Accurate Credit Transactions Act of 2003?The Fair and Accurate Credit Transaction Act (FACTA) was a US law passed in 2003 that aims to...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Deferred Payment?How Does a Deferred Payment Work? What is a Deferred Payment?In a deferred payment situation, one is allowed to start making the required payments after a fixed period of time agreed to by both the creditor and the...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Dodd-Frank Act?How Does the Dodd-Frank Act Work?Volker RuleWhistleblowing Under Dodd-FrankThe Future of Dodd-Frank What is the Dodd-Frank Act?Dodd-Frank Wall Street Reform and Consumer Protection Act or simply known as the...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the European Central Bank?How Does the European Central Bank Work? What is the European Central Bank?The European Central Bank (ECB) is the bank of European Union (EU) which sets and oversees monetary policy of the states which have...
