To correct abuses in the financial services industry,Congress passed an Act in 2010 that included numerous provisions to reform the financial services industry.This Act was the

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The correct Act that Congress passed in 2010 to reform the financial services industry is the Dodd-Frank Act. The Financial Modernization Act (also known as Gramm-Leach-Bliley Act) was passed in 1999 and aimed to allow banks, insurance companies, and securities firms to merge. The McCarran-Ferguson Act, passed in 1945, granted states the authority to regulate insurance. The Biggert-Waters Act, passed in 2012, aimed to reform the National Flood Insurance Program.

To Correct Abuses in the Financial Services Industry,Congress Passed an Act