All of the following are points of the Restoring American Financial Stability Act of 2010 EXCEPT:
A) imposing tighter restrictions on banks to limit risky investments.
B) requiring mortgage lenders to review income and credit histories of applicants to ensure they can afford payments.
C) creating a Consumer Financial Protection Bureau.
D) requiring firms that create mortgage backed securities to keep at least 50 percent of their value as reserves.

Question

Quizplus · Accepted Answer

The Restoring American Financial Stability Act of 2010, also known as the Dodd-Frank Act, does not require firms that create mortgage-backed securities to keep at least 50 percent of their value as reserves. Instead, it requires them to retain a 5 percent interest in the credit risk of the assets they securitize.

All of the Following Are Points of the Restoring American