The Consumer Financial Protection Bureau has rulemaking, supervisory, and enforcement authority over all but which of the following?

Question

Quizplus · Accepted Answer

The Consumer Financial Protection Bureau (CFPB) has broad authority over various financial institutions and activities, but it does not have supervisory or enforcement authority over automobile dealers, provided they are primarily engaged in the sale and servicing of automobiles, not in the financing of automobile purchases. This exception was specifically included in the Dodd-Frank Wall Street Reform and Consumer Protection Act, which established the CFPB.

The Consumer Financial Protection Bureau Has Rulemaking, Supervisory, and Enforcement