What is the purpose of ncua lending regulations? a. to educate consumers on their rights for fair credit reporting b. to educate the public on the compliance rules c. to educate credit unions on how to follow federal guidelines d. to educate credit card companies on keeping records e. to educate corporations on making disclosures avaialable
NCUA is t
he National Credit Union Administration (NCUA); is the independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. Therefore, Your answer would be, (Letter Choice, (C), To educate Credit Unions, on how to follow Federal Guidelines.). Hope that helps have a great day : )
its to educate credit unions on how to follow federal guidlines
The National Credit Union Association is a entity that monitors and regulate the Credit Unions which are organizations that are part of a cooperative and give credit to its members. It was created in 1934 by the president Franklin Delano Roosevelt.
The purpose of NCUA Lending Regulations: The National Credit Union Association administered by the United States Federal Government is the apex body formed for the three main purposes pertaining to the credit unions. The three specified purposes being,
Regulate the credit unions in balance with the other parameters of the economy
Monitor the credit unions so as to ensure that, they do not fail and affect the economy
Check if the credit unions follow the federal regulations.
The NCUA stands for the “National Credit Union Administration” and it is administered by the United States. The purpose of NCUA Lending Regulations is to regulate, monitor the credit unions and check they are following the federal regulations with regards to credits.
The purpose of NCUA Lending regulation is to create stability and to keep a fair condition in a lending process. A foul or a fraud in the lending process could easily have been made if there is a bad intention in either creditor or debtor in the lending process. An intention for not paying a credit agreement is one of this foul example.