Question

The Wall Street Reform and Consumer Financial Protection Act of 2010 passed by Congress specifically gave the Federal Reserve
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer :- Option(C)

It gives the fed  a stroger role to play in the area of consumer financial protection by working with CFPB(Consumer Financial Protection Bureau).

Add a comment
Know the answer?
Add Answer to:
The Wall Street Reform and Consumer Financial Protection Act of 2010 passed by Congress specifically gave...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The Wall Street Reform and Consumer Financial Protection Act of 2010 passed by Congress specifically gave...

    The Wall Street Reform and Consumer Financial Protection Act of 2010 passed by Congress specifically gave the Federal Reserve Bank an "extra power" to do what? Multiple Choice Regulate the international organizations known as the World Bank and IMF. Regulate offshore banks controlled by foreign countries located in the Carribean. It gave the Fed a stronger role to play in the area of consumer financial protection by working with the Bureau of Consumer Financial Protection. Regulate the U.S. student loan...

  • Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank) to: Multiple Choice...

    Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank) to: Multiple Choice o Promote accountability and transparency in the financial system, Put an end to the notion of too big to fall Protect the taxpayer by ending ballouts Ο. Promote accountability and transparency in the financial system. Ο Put an end to the notion of "too big to fail." Ο Protect the taxpayer by ending ballouts. Ο C) Protect consumers from abusive financial services Ο All...

  • 7) The Financial Reform Act (Wall Street Reform and Consumer Protection Act or Dodd-Frank Act) of...

    7) The Financial Reform Act (Wall Street Reform and Consumer Protection Act or Dodd-Frank Act) of 2010: a. ended the system of risk-based insurance premiums. b. set requirements for the Deposit Insurance Fund's reserves. c. raised the limit for insured deposits to $750,000 per depositor. d. allowed large insurance companies such as American International Group to compete with the FDIC to insure bank deposits. 9) The Basel III framework recommends that banks maintain a minimum level of Tier 1 capital,...

  • The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress...

    The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. and began operations in 1914. Like all central banks, the Federal Reserve is a government agency. All of the following statements are true about the Fed except O the Federal Reserve is the "lender of last resort Oit promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets O it focuses on making a profit like...

  • 1. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) established the Financial Stability Oversight...

    1. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) established the Financial Stability Oversight Council. The purposes of the Council includes the following items except: To promote market discipline, by eliminating expectations on the part of shareholders, creditors, and counterparties of such companies that the Government will shield them from losses in the event of failure To respond to emerging threats to the stability of the United States financial system To identify those corporations who ongoing solvency is...

  • 0.75 pts Question 1 The Dodd-Frank Wall Street Reform Bill: increased capital requirements of investment banks....

    0.75 pts Question 1 The Dodd-Frank Wall Street Reform Bill: increased capital requirements of investment banks. O requires that financial derivatives be traded on regulated exchanges. )created the Bureau of Consumer Financial Protection within the Federal Reserve. All of the above None of the above. Question 2 0.75 pts Which financial reform legislation removed the Glass-Stegal provisions separating commercial from investment banking? Depository Institutions and Deregulation Monetary Control Act-198. O Garn-St. Germain Depository Institutions Act-1982 O Financial Services Moderization Act-1999....

  • The U.S. government, in the year 2010, passed the _____ Act to prevent financial institutions from...

    The U.S. government, in the year 2010, passed the _____ Act to prevent financial institutions from engaging in activities that can lead to financial crisis. Select one: Glass-Steagall Dodd-Frank Wall Street Reform and Consumer Protection Financial Institutions Reform, Recovery, and Enforcement Gramm-Leach-Bliley Question 7 Not yet answered Marked out of 1.00 Flag question Question text Suppose the economy is thought to be 1 percent below its potential output (i.e., the output gap is −1 percent). The potential output is growing...

  • 41 The money supply is a curve that is typically drawn as a vertical line on...

    41 The money supply is a curve that is typically drawn as a vertical line on the standard money supply - money demand graph that is used in the study of monetary policy. We all know the money supply is only controlled by the Federal Reserve Bank. Conclusion: In the audio visual lecture Professor Torres stated that anytime we see a supply curve drawn as a vertical curve line, then that means that the product or service is 100 percent...

  • CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...

    CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...

  • Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...

    Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT