Question

The purpose of Regulation is to make consumers aware of the costs of alternative forms of credit. Prohibit garnishment encourage depository institutions to help meet the credit needs of their communities for housing and other purposes. Regulate the overseas activities of member banks of the Federal Reserve System.

Answer 1

Answer:

Hi

When completing any purchase, there are more and more consumers who choose alternative forms of payment, such as online bank transfers, mobile wallets or cash-based payment options. In many countries, alternative forms of payment have a greater proportion of the growth of electronic commerce compared to credit cards. The emergence of these new options offers people safer and faster options to make their payments. In addition, they are a very interesting alternative for consumers who do not have a bank account.

Explanation: