Allison is concerned that she is not getting full disclosure of information from a mortgage broker who is hoping to refinance the mortgage on her house. Having recently studied business law, you suggest to Allison that she contact the ________________________ that was formed after the Dodd-Frank Wall Street Reform and Consumer Protection Act became law.
A) Federal Trade Commission (FTC)
B) Consumer Financial Protection Bureau (CFPB)
C) Due Diligence Agency (DDA)
D) Financial Fairness Consortium (FFC)

Question

Quizplus · Accepted Answer

The Consumer Financial Protection Bureau (CFPB) was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act to protect consumers from unfair, deceptive, or abusive practices by financial institutions. Its mission is to ensure that consumers have access to financial products and services that are transparent, accountable, and fair. If Allison is worried about not receiving full disclosure of information from a mortgage broker, she can contact the CFPB to file a complaint and seek assistance.

Allison Is Concerned That She Is Not Getting Full Disclosure