The global financial crisis pointed out the need for consumer education and protection in financial areas such as mortgage loans. In response,with the passage of the Dodd-Frank legislation,Congress created
A) the Consumer Financial Protection Bureau.
B) the Internal Revenue Service.
C) the Consumer Oversight Committee.
D) the lender of last resort.
Correct Answer:
Verified
Q38: The result of the too-big-to-fail policy is
Q39: If the FDIC decides that a bank
Q40: Regulators attempt to reduce the riskiness of
Q41: The _ that required separation of commercial
Q42: The federal agencies that examine banks include
A)the
Q44: Consumer protection legislation includes legislation to
A)reduce discrimination
Q45: The chartering process is especially designed to
Q46: Regular bank examinations and restrictions on asset
Q47: One of the criticisms of Basel 2
Q48: Banks will be examined at least once
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