Multiple Choice
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
Correct Answer:
Verified
Q27: Depositors lack of information about the quality
Q28: The practice of keeping high-risk assets on
Q29: Off-balance-sheet activities<br>A)generate fee income with no increase
Q30: FDICIA _ incentives for banks to hold
Q31: When regulators chose to allow insolvent S&Ls
Q33: Depositors have a strong incentive to show
Q34: When bad drivers line up to purchase
Q35: The Argentine banking crisis of 2001 resulted
Q36: Savings and loan regulators allowed S&Ls to
Q37: To prevent bank runs and the consequent