The Financial Reform Act of 2010 provides that if a bank suffers large losses because it took excessive risk, the Federal Reserve will appoint a new board of directors for the bank.

Question

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The Financial Reform Act of 2010, also known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, does not specifically provide for the Federal Reserve to appoint a new board of directors for a bank if it suffers large losses due to excessive risk. The Act focuses on increasing regulation and oversight of financial institutions to prevent excessive risk-taking and to protect consumers, but the appointment of a new board of directors is not a direct provision of the Act.

The Financial Reform Act of 2010 Provides That If a Bank