The __________ Act illustrates that corporate conduct violating society's expectations can result in new forms of regulation without regard for feasibility or cost.

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act was put in place as a response to the 2008 financial crisis and the egregious corporate conduct that contributed to it. The act enforces extensive regulations on financial institutions, with the aim to protect consumers and prevent another such crisis. It demonstrates how corporate misbehavior can lead to new forms of regulation, regardless of the feasibility or cost. The other answer choices are incorrect and do not pertain to any specific act or concept in finance.

The __________ Act Illustrates That Corporate Conduct Violating Society's Expectations