Asked by
Daylen Sauls
on Dec 01, 2024Verified
As of 2018, the acting head of the Consumer Financial Protection Bureau has requested all but which of the following changes to the Dodd-Frank Act?
A) fund the bureau through taxes and fines from regulation violations
B) require legislative approval of major bureau rules
C) ensure that the director answers to the President in the exercise of executive authority
D) create an independent inspector general for the bureau
Dodd-Frank Act
A United States federal law that places regulation of the financial industry in the hands of the government, aimed at reducing risks in the financial system.
Consumer Financial Protection Bureau
A U.S. government agency aimed at ensuring consumer protection in the financial sector and enforcing laws related to financial products and services.
Legislative Approval
The formal consent given by a legislative body to enact a proposed piece of legislation into law.
- Clarify the consequence and influence of modifications in laws related to consumer finance, particularly regarding the Dodd-Frank Act.
Verified Answer
RG
Learning Objectives
- Clarify the consequence and influence of modifications in laws related to consumer finance, particularly regarding the Dodd-Frank Act.