Chp. 9: Question 11

11. Do some research on the Consumer Financial Protection Bureau, established in 2010 (the text Web site links to the bureau's site).What regulations on credit cards has the bureau created? Is it considering additional regulations on credit cards? How do existing and proposed regulations affect the fees and interest you pay if you are late paying a credit card bill, transfer a balance between cards, or take a cash advance?

Chp. 10: Questions 2, 4 and 9

2. Suppose an economy has a high level of loans from one bank to another. How might this fact affect the likelihood of a bank panic?

4. Suppose Walmart is allowed to open a bank that accepts deposits and makes loans at its U.S. stores.

a. How might this affect existing banks, especially community banks? (See Section 8.2 for a review of community banks.)

b. In general, who might gain and who might lose if Walmart opens a bank?

9. Through the text Web site, connect to the site of the Office of the Comptroller of the Currency and look up "Enforcement Actions." Find an example of a specific enforcement action against a bank. Explain what the OCC did and what problem it was trying to rectify.