Which of the following was a result of the Dodd-Frank Act?
A)Restricted bank activities
B)Established a new consumer protection agency
C)Tougher regulations for banks
D)All of these responses are correct.

Question

Quizplus · Accepted Answer

All of these responses are correct. The Dodd-Frank Act was a comprehensive reform of the financial industry in response to the 2008 financial crisis. It restricted bank activities, established the Consumer Financial Protection Bureau to protect consumers from abusive financial practices, and implemented tougher regulations for banks.

Which of the Following Was a Result of the Dodd-Frank