Credit Unions Are Unregulated as to the Types of Services

question 61

True/False

Credit unions are unregulated as to the types of services they offer.

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Definitions:

Disaffirm

The legal right of a party to deny or reject the validity of a contract or agreement.

Trade

The exchange of goods, services, or both between parties, either within a country or between countries, often for money.

Four-Wheel Drive

A vehicle drive system where power is distributed to all four wheels simultaneously, enhancing traction.

Liable in Tort

Legal responsibility arising from a civil case in which harm has been caused to an individual or property.