The Frank-Dodd financial overhaul bill was proposed as a measure to put new rules and tools in place to prevent a repeat of the meltdown of 2008 that started the global recession.Which of the following were proposed as regulatory policies in the bill?

Question

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All of the options listed were proposed as regulatory policies in the Frank-Dodd financial overhaul bill. Regulation of the credit and debit card fee systems was aimed at preventing banks from imposing unfair fees on consumers. Verification of borrowers' ability to repay loans was proposed to prevent banks from giving loans to individuals who could not afford to pay them back, thus reducing the risk of defaults. The creation of a federal bureau of Consumer Financial Protection was aimed at protecting consumers from unfair and deceptive practices by financial institutions. Finally, the liquidation of failing financial institutions by the FDIC was proposed as a way to avoid bailouts by taxpayers in the event of another financial crisis.

The Frank-Dodd Financial Overhaul Bill Was Proposed as a Measure