It's like a Savings and Loan Association except that credit unions are created by some entity, some club or group, and they're not open to the whole public.
这有点像储贷协会,不同点在于,信用合作社是由某个独立群体所创建的,比如社团或集体组织,它不面向整个社会公众
This is something that's very important in the United States because, as I mentioned, insurance regulation is divided up over the fifty states and the problem that that creates is-- it's a nightmare for insurance companies because every different state has different laws.
在美国,这个协会是非常重要的,因为,就像我所提及的,保险监管被分散到了五十个州,这对任何一个保险公司而言,都是一个噩梦,因为各州法律各有不同
I asked you in the final question to just get on a couple of websites, The Federal Reserve and the ICI, which is a mutual industry website, and write a little bit, a couple paragraphs about what this industry is really achieving or how it's trending.
我最后再要求你们,去浏览下一些网站,像联邦储备和美国投资公司协会网站,都是共同基金产业的网站,然后稍微写几段,关于这个产业的成就,或者他们的发展趋势。
It's a little bit like the NAIC -the National Association of Insurance Commissioners -recommends laws to the local insurance regulators in the fifty United States.
这有点像NAIC,美国保险监督官协会,它对全美国50个州的,地方保险监管机构推荐法律法规
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