Finance Company Operations: How Finance Companies Work
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 22 is one of the shorter chapters in the book, but it covers an important piece of the financial system that most people do not think about. Finance companies provide short and intermediate-term credit to consumers and small businesses. They are not banks. They do not take deposits. But they move a lot of money.