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Answered

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What is the biggest difference between a state-chartered and federal-chartered bank? (Select all that apply.)

which government agency will have the primary regulatory authority over the bank

bank regulators from the state monitor federal-chartered banks

federal-chartered banks are regulated by the state

federal-chartered banks are reviewed by the Federal Reserve Bank and/or the FDIC

Sagot :

kingleonardo12008

Answer:

State-chartered credit unions fall under the regulatory authority of their respective state's division of financial services. Federally chartered credit unions all include the word "federal" in their name and fall under the regulatory authority of the National Credit Union Administration (NCUA).

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