6.3 Government Agencies by Jenni Mejia https://padlet.com/jennimejia0619/61x7zk385uw9 In a 2-3 well developed paragraphs that include at least 3-4 cited references to the reading, explain the role of government agencies and the services they can offer to consumers. Then imagine that you are a consumer in need of a government agency for assistance. You can decide the issue for which you need help. What agency will help you and what services can they offer? Be specific. en-us 2017-05-01 13:54:46 UTC 2017-05-12 14:02:25 UTC hello@padlet.com Government Agencies jennimejia0619 https://padlet.com/jennimejia0619/61x7zk385uw9/wish/170909490 “Consumer protection regulatory agencies fight to ensure that individuals are treated fairly, receive the necessary information to make informed decisions, are protected against product hazards, and have the ability to use legal recourse if need" (Pg 12).
SEC: Used to protect investors, maintain markets, and facilitate capital formation. “The laws and rules that govern the securities industry in the United States derive from a simple and straightforward concept: all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it, and so long as they hold it. To achieve this, the SEC requires public companies to disclose meaningful financial and other information to the public” (Pg. 12)
FINRA: One of the largest independent regulator for security in all business. This is mainly use to protect investors by making sure everything is going well in the United States securities industry.
:“The stated mission of the CFTC is to foster open, transparent, competitive, and financially sound markets, to avoid systemic risk, and to protect the market users and their funds, consumers, and the public from fraud, manipulation, and abusive practices related to derivatives and other products that are subject to the Commodity Exchange Act" (Pg. 13).
FDIC: This was created after the Great Depression, to restore the trust in American banks. It basically insures your money in case the bank fails.
NCUA:“NCUA is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit union" (Pg. 13).
CFPB: This agency's purpose is to protect consumers from deceptive financial products. The Consumer Financial Protection Bureau ensures consumers have the information needed to select the best financial services, such as credit cards, student loans, and mortgages
]]> 2017-05-10 02:18:58 UTC https://padlet.com/jennimejia0619/61x7zk385uw9/wish/170909490 My Government Agency jennimejia0619 https://padlet.com/jennimejia0619/61x7zk385uw9/wish/171005267 One of the problems of have is I have $10,000 saved up in a saving account, but my bank is failing. What will happen to my money? Before the Great Depression banks did not insured your money so you could lose all of it. And $10,000 is a lot of money. Thankful the FDIC insures all my money so I'll get every cent if those $10,000, so I can put it in a better established bank.]]> 2017-05-10 13:35:07 UTC https://padlet.com/jennimejia0619/61x7zk385uw9/wish/171005267