ZuoTi.Pro
Question

The Wall Street Reform and Consumer Financial Protection Act of 2010 passed by Congress specifically gave the Federal Reserve

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Option C is correct


It gave the Fed a strong role to play in the the area of consumer financial protection by working with the bureau of consumer financial protection


Because

The dodd-frank act made other changes to the regulatory structure. It created the office of financial research to support FSOC. The act consolidated consumer protection responsibility e in the new bureau of consumer financial protection. It consolidated Bank regulation by reasining the office of of theft super visions responsibilities to the other banking regulators.

0 0
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.

Log In

Sign Up

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? 12 Multiple Choice 02:12:53 Skloped O Regulate the US student loan program O 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 ancial protection by working with the Bureau of Consumer Financial Protection Regulate the international organizations nown...

  • 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,...

  • 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...

  • 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...

  • My question is what type of other implications did the dodd-frank act have on wall street? please...

    my question is what type of other implications did the dodd-frank act have on wall street? please add more specific details. thank you. Implications on Wall Street The Act heavily focuses on keeping an eye out on Wall Street. If there are any implications or if a firm seems to be getting too big, it will then be turned for closer inspection and monitoring. The Act forces banks to have more of their money on deposit with the reserve. By...

  • 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...

  • 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....

  • 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...

  • Banking on Forgiveness a th in ( re th SC th ре de de th th...

    Banking on ForgivenessWhen James Wolfensohn became head of the World Bank, he bluntly admitted the bank had "screwed up" in Africa. Decades of loans had erected a vast modern infrastructure (dams, roads, and power plants) for Africa's poor, but the gap between rich and poor did not narrow. In fact, the policies of the bank and global financial regulators had created a new crisis in sub-Saha- ran Africa: These nations were now mired in debt they could not possibly repay....

  • Case assignments must be completed with a written 2-page study on the assigned case questions in...

    Case assignments must be completed with a written 2-page study on the assigned case questions in the textbook. The format requested for these assignments is based on elaborating and including two basic parts in the essay: 1) in a bullet presentation style (one phrase each bullet), list a summary of the key issues, situations, problems, opportunities and threats you may identify as relevant; 2) answer all the questions listed in each case in two or three sound paragraphs. Use the...

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