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The Dodd-Frank Wallstreet Reform and Consumer Protection Act Evolved from the Mortgage

Question 80

Multiple Choice

The Dodd-Frank Wallstreet Reform and Consumer Protection Act evolved from the mortgage industry meltdown,which was the consequence of deceptive behavior of professionals on Wall Street and uninformed consumers who risked too much and purchased homes whose future monthly payments were more than they could afford.The agency that was created to provide consumers with accurate information so they can make informed decisions about loans and other financial instruments is known as _____________________.


A) Consumer Financial Protection Bureau CFPB) .
B) Federal Trade Commission FTC) .
C) Due Diligence Agency DDA) .
D) Financial Fairness Consortium FFC) .

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