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Banks and Nonbanking Companies Gpo  Form

Banks and Nonbanking Companies Gpo Form

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[Music] did you know that state regulators protect consumers in the financial marketplace today millions of americans use safe and innovative financial products provided by banks and non-banks supervised by states we all know that banks provide financial products and take deposits you probably have a checking or savings account with a bank but what is a non-bank whether taking a home loan or car loan sending money electronically to your friend or landlord or buying a prepaid card or paying off debt you are likely using a non-bank a company offering financial services without holding deposits in fact many of the most popular financial products and services are offered by non-bank companies like many banks non-banks are overseen by state regulators working together in a robust network to ensure companies handle transactions safely protect consumers money and operate soundly state regulators examine non-banks to ensure compliance when state regulators receive consumer complaints they use

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