The Wall Street Reform and Consumer Protection Act, or Dodd-Frank:

Question

Quizplus · Accepted Answer

The Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank, subjects "systemically important" institutions to high capital requirements and limits the risks they can take. This is designed to prevent another financial crisis and protect consumers. Option A is incorrect because Dodd-Frank increases regulation on commercial and investment banks. Option C is incorrect because not all banks are required to become members of the Federal Reserve, and Option D is incorrect because securitization is not made illegal under Dodd-Frank.