Question

The Dodd-Frank Wall Street Reform Act _____.a. created only one financial agency (The Financial Consumer Protection Agency)b. contains five provisions that include increasing the accountability and transparency of financial institutions, creating a bureau to educate consumers in financial literacy and protect them from deceptive financial practices, implementing additional incentives for whistle-blowers, increasing oversight of the financial industry, and regulating the use of complex derivativesc. contains 10 provisions that include increasing the accountability and transparency of financial institutions, creating a bureau to educate consumers in financial literacy and protect them from deceptive financial practices, implementing additional incentives for whistle-blowers, increasing oversight of the financial industry, and regulating the use of complex derivativesd. seeks to improve financial regulation, increase oversight of the industry, and prevent the types of risk-taking, deceptive practices, and lack of oversight that led to the 2008-2009 financial crisise. created only one financial agency (The Financial Stability Oversight Council).

Answer 1

Answer: Seeks to improve financial regulation, increase oversight of the industry, and prevent the types of risk-taking, deceptive practices, and lack of oversight that led to the 2008-2009 financial crisis.

Explanation:

The Dodd–Frank Wall Street Reform is referred to as or known as a US federal rule of law which was enacted and implemented on 21 July, 2010. The law tends to overhaul the financial regulation that was instated in aftermath of financial crisis that occurred in 2007–2008, thus it also made several changes which affected all financial regulatory companies and agencies and several financial service industries.