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Financial examiners work hard

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to prevent financial crises from occurring.

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They make sure that banks

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and other financial institutions

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follow laws and regulations

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that keep institutions operating securely

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and protect consumers’ interests.

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Financial examiners review balance sheets,

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evaluate the risk level of loans,

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and assess bank management.

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Typically, they specialize in either

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risk assessment or consumer compliance.

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Those working in risk assessment

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evaluate financial institutions’ health.

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Examiners evaluate

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bank managers’ performance…

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ensuring that banks

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and other financial institutions offer safe loans

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and that they have enough cash on hand

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to manage unexpected losses.

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This helps ensure the financial system

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remains stable.

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Financial examiners working

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in consumer compliance

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ensure that borrowers are treated fairly.

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They help borrowers avoid “predatory loans”

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that generate profit for banks

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through high interest payments

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and are risky for borrowers.

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Examiners also ensure that banks

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do not discriminate against borrowers.

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Most financial examiners work full time,

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in offices, and frequently travel

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to inspect banks.

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Typically financial examiners

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need a bachelor’s degree

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with some coursework in accounting,

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finance, economics, or a related field.

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Examiners who work for the

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Federal Deposit Insurance Corporation

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typically need at least

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six semester hours in accounting.

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Once hired,

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financial examiners typically receive

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at least one year of on-the-job training…

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entry-level workers learn

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under the supervision of senior examiners.