The responsibilities granted to the CFPB that has been written in the legislation are extensive and include authority to ______ with assets over $10 billion.

Question

Quizplus · Accepted Answer

The CFPB has been granted authority to examine and enforce regulations for banks and credit unions with assets over $10 billion. This includes supervising their compliance with consumer financial laws, conducting investigations, and taking enforcement action. The other options listed are not within the scope of the CFPB's responsibilities as defined by the legislation.

The Responsibilities Granted to the CFPB That Has Been Written