ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Following the 5th amendment
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Protecting property rights
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Protecting workers
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Protecting consumers, savers, and investors
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Detailed explanation-1: -The Consumer Financial Protection Bureau helps consumers by providing educational materials and accepting complaints. It supervises banks, lenders, and large non-bank entities, such as credit reporting agencies and debt collection companies.
Detailed explanation-2: -The CFPB is funded by authorized transfers from the Federal Reserve System, subject to limits established in the Dodd-Frank Act. The CFPB is also authorized to request up to $200 million in discretionary appropriations if the amount transferred by the Federal Reserve System is not sufficient.
Detailed explanation-3: -The Consumer Financial Protection Bureau was originally created to do what? Receive and investigate complaints from consumers, and enforce laws pertaining to the banking and financial system.
Detailed explanation-4: -The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.