Which of the following is one of the purposes of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010?

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was primarily aimed at regulating previously unregulated financial products and institutions, such as derivatives, mortgage-backed securities, and hedge funds. This was done to enhance financial stability and protect consumers from predatory lending practices.

The other options listed are not accurate purposes of the Act. Monitoring wire transfers and regulating accounting firms are not part of the Dodd-Frank Act, while reporting requirements for financial transactions and off-balance-sheet transactions fall under the Securities Exchange Act of 1934, which is a separate law from Dodd-Frank.

Which of the Following Is One of the Purposes of the Dodd-Frank