The Dodd-Frank Act (2010) includes a variety of new regulations, including the creation of:
A)The Cost Accounting Standards Board.
B)The Consumer Financial Protection Bureau.
C)The Financial Services Industry Control Commission.
D)The Wall Street Reform and Protection Board.
E)The Executive Compensation Review Board.

Question

Quizplus · Accepted Answer

The creation of the Consumer Financial Protection Bureau is one of the key provisions of the Dodd-Frank Act. It is responsible for protecting consumers from harmful financial practices, and has the authority to regulate financial products and services. The other options listed are not part of the Dodd-Frank Act.

The Dodd-Frank Act (2010) Includes a Variety of New Regulations