You may find it odd that I am writing about the Federal Reserve but then again maybe not. You see I receive many emails each and every day with questions about a wide variety of business topic. And today the topic…
The Federal Reserve
First of all the history of the Federal Reserve is really interesting, as a matter of fact reading the history alone gave me a better understanding of what they do! According to Wikipedia the federal reserves primary function was to prevent Bank Panic! What do you think? Are they doing a good job?
There is also a educational site in regards to the Federal Reserve with Free resources such as brochures, newsletters and more. You can watch the video “The Federal Reserve Today.”
I think the most valuable information that I came across today was the Federal Reserve Consumer Help Site. As a consumer you can file a complaint against a bank for the following reasons:
- unfair or misleading
- discriminated against you in lending
- violated a law
They also investigate complaints related to federal consumer protection laws. Such as:
- The Equal Credit Opportunity Act
- Fair Credit Reporting Act
- The Truth in Lending Act
Hope you find this information interesting and useful!
