State RegulationsFL specificDifficulty 2/5
The Office of Financial Regulation's regulatory jurisdiction includes all of the following EXCEPT:
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under the Financial Services Commission structure, the Office of Financial Regulation regulates financial institutions such as state-chartered banks and credit unions, consumer finance and collection companies, and the securities industry. Insurers, including life and health insurers, are regulated by the Office of Insurance Regulation, not the OFR.
Why the other options are wrong
- A) State-chartered banks and credit unions are core OFR-regulated institutions.
- B) Consumer finance companies and collection agencies are within the OFR's non-bank supervision program.
- C) Securities dealers and investment advisers are licensed and supervised by the OFR's securities division.
Memory hook
OFR regulates money and markets; OIR regulates insurers.