BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The act that protects the interest of consumers by making sure federal consumer protection laws are enforced is called:
A
The Dodd-Frank Wall Street Reform and Consumer Protection Act
B
The Truth in Lending Act
C
The Sabanes-Oxley Act
Explanation: 

Detailed explanation-1: -Dodd –Frank Wall Street Reform and Consumer Protection Act.

Detailed explanation-2: -The most far reaching Wall Street reform in history, Dodd-Frank will prevent the excessive risk-taking that led to the financial crisis. The law also provides common-sense protections for American families, creating new consumer watchdog to prevent mortgage companies and pay-day lenders from exploiting consumers.

Detailed explanation-3: -The Dodd Frank Report studies the resolution of financial institutions as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. In response to the global economic turmoil that began in late 2007, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Pub.

There is 1 question to complete.