The Dodd-Frank Act created a Consumer Financial Protection Bureau that has significant power to expand regulation over consumer credit.

Question

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The Dodd-Frank Act did indeed create the Consumer Financial Protection Bureau, which has significant power to regulate consumer credit. Its mandate includes supervising and enforcing federal rules related to financial institutions, evaluating consumer complaints, educating consumers, and conducting research to help regulate financial markets.

The Dodd-Frank Act Created a Consumer Financial Protection Bureau That