QUESTION IMAGE
Question
select the correct phrase from each box.
complete the statement about consumer protection laws.
the
agency
infor
regulates and supervises domestic and foreign banks operating branches in the united states. this
y receive a loan or credit. some of that information includes fees and interest rates.
office of the banking authority
federal trade commission
office of the comptroller
reset\tnext
Brief Explanations
- For the first blank: The Office of the Comptroller of the Currency (Office of the Comptroller) regulates and supervises domestic and foreign banks operating branches in the US. The "Office of the Banking Authority" is not a standard US regulatory agency for banks, and the Federal Trade Commission focuses on trade and consumer protection in non - banking trade - related areas, not bank supervision.
- For the second blank: The Truth in Lending Act (implied by the description of requiring creditors to give clear and accurate information like fees and interest rates when someone gets a loan or credit) is related to this. But from the context of the first blank's correct agency (Office of the Comptroller) and the consumer protection law about lending, the first blank should be "Office of the Comptroller" and the second part (the law - related phrase, though the options for the second blank are not fully shown, but based on the first blank options) the first blank's correct option is "Office of the Comptroller".
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First blank: Office of the Comptroller