Final Exam study guide.
Read and answer the following True and False questions.
True and False
Consumer credit laws are enacted at both the federal and state levels. True
In retail banking, bankers recognize that consumers have a range of fi
Direct lending is a transaction between a bank and a borrower. This transaction is
usually made at a bank or branch location but can also be made utilizing other avenues, such as
direct mail or via internet. Banks benefit by having more control over the l
Mid term study guide, chapters 1-5
Define and answer the following key terms and questions:
Usury-The practice of charging interest on borrowed money that is higher than the law allows
Size of the financial institutions that are supervised by the Consumer