stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
The Savings and Loan Industry Today Flashcards | StudBud
Explore
/
The Savings and Loan Industry Today
The Savings and Loan Industry Today
10 terms
·
StudBud Administration
·
19 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What is a key challenge caused by low interest rates?
Lower loan demand
Shrinking net interest margins
More regulations
Higher profit margins
2
What is the main function of Savings and Loan Associations?
Home mortgage lending and savings
Investment banking
International trading
Credit card issuing
3
Which agency insures deposits at state-chartered S&Ls not in the Federal Reserve?
OCC
SEC
FDIC
NCUA
4
How are S&Ls attracting younger generations?
Offering gold savings accounts
Providing app-based services and sustainability messaging
Closing mobile apps
By sending paper letters
5
What trend is driving modernization in the S&L industry?
Digital transformation
Cryptocurrency trading
Cash-only transactions
Global expansion
6
What is a major cybersecurity focus for S&Ls?
Preventing fraud and ensuring compliance
Building more branches
Hiring influencers
Creating TikTok accounts
7
What is one reason for ongoing mergers in the S&L industry?
Limiting online access
Sharing tech and compliance costs
Avoiding taxes
Reducing customer service
8
What does RegTech help S&Ls with?
Marketing campaigns
Employee recruitment
Automated compliance and risk tracking
Mortgage approvals
9
Why are credit unions strong competitors to S&Ls?
They do not offer savings accounts
They focus on corporate clients
They offer lower fees and community focus
They offer cryptocurrency
10
Which event caused a major crisis for S&Ls in the 1980s?
Stock market crash
Cyberattacks
COVID-19 pandemic
High interest rates and deregulation
