Asked by Thomas DeAngelis on May 02, 2024
Verified
Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?
A) Increases the accountability and transparency of financial institutions
B) Creates a bureau to educate consumers in financial literacy
C) Creates an organization to pay the bills of low-income consumers
D) Create incentives for whistle-blowers to come forward
E) Increases oversight of the financial industry
Dodd-Frank Wall Street
A United States federal law passed in 2010 aimed at reducing risks in the financial system by imposing comprehensive regulations on financial institutions.
Financial Literacy
The ability to understand and use various financial skills, including personal financial management, budgeting, and investing.
Whistle-Blowers
Individuals who expose illegal practices or unethical conduct within an organization to the authorities or the public.
- Comprehend the key features of important financial and ethical directives, such as the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Verified Answer
Learning Objectives
- Comprehend the key features of important financial and ethical directives, such as the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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