Question

How can US government control financial institution

Answer 1

The US government can control financial institution by Passing laws for credit card companies to follow

Step-by-step explanation:

Government may pass new laws to set up new regulations for the financial institutions

Answer 2

Government can pass laws to limit what financial institutions can charge in interest and fees. Financial institutions like local banks must approve interest rates set by the Federal Reserve

Step-by-step explanation:

Government can pass laws to limit what financial institutions can charge in interest and fees. Financial institutions like local banks must approve interest rates set by the Federal Reserve