Congress passed the Dodd-Frank Act of 2010 in response to the credit crisis of 2008. It increases regulation and monitoring of the financial services industry, as well as providing measures to improve consumer protection.
Required
a. Name three new regulatory agencies created as a result of the Dodd-Frank Act, and the purpose of each agency.
b. Identify one provision of the Act that affects the activities of banking entities, and one provision that affects public companies.

Question

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The Answer of Congress passed the Dodd-Frank Act of 2010 in response to the credit crisis of 2008. It increases regulation and monitoring of the financial services industry, as well as providing measures to improve consumer protection.
Required
a. Name three new regulatory agencies created as a result of the Dodd-Frank Act, and the purpose of each agency.
b. Identify one provision of the Act that affects the activities of banking entities, and one provision that affects public companies.

Congress Passed the Dodd-Frank Act of 2010 in Response to the Credit