Finance
Mississippi's Department of Banking and Consumer Finance regulates state-chartered banks and lending institutions. Their oversight includes:
AOnly savings accounts and CDs
BMortgage lending practices, consumer protection, and examination of state-chartered financial institutions for safety and soundness✓ Correct
COnly federally chartered institutions
DOnly insurance products sold by banks
Explanation
Mississippi's Department of Banking and Consumer Finance regulates state-chartered banks, credit unions, mortgage companies, and other lending institutions. Their oversight includes examining lending practices for compliance with consumer protection laws (including fair lending), safety and soundness, and Mississippi banking statutes.
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