Banking department

Banking department,

Definition of Banking department:

  1. A regulatory body established at the state level to ensure that banks are accessible, stable, and safe. A state banking department may conduct audits to determine whether banks are complying with financial regulations and following standard accounting practices. Banking departments usually have jurisdiction over commercial banks, credit unions, money transmitters, check cashing services, and non-bank mortgage lenders.

Meaning of Banking department & Banking department Definition