Final answer:
The Consumer Financial Protection Bureau (CFPB) does not have the duty of granting and denying mortgage loan originator licenses as outlined by the Dodd-Frank Act. Their roles include monitoring markets, enforcing federal consumer financial laws, and handling consumer complaints, not the licensing of individuals or entities.
Step-by-step explanation:
The duty that is not assigned to the Consumer Financial Protection Bureau (CFPB) by the Dodd-Frank Act is granting and denying mortgage loan originator licenses. The CFPB is mainly responsible for monitoring the markets for consumer financial products and services, taking enforcement actions for violations of federal consumer financial laws, and collecting and responding to consumer complaints. These tasks are designed to safeguard consumers within the financial markets and ensure that financial institutions are acting within legal boundaries and maintaining fair practices, particularly in areas prone to abusive practices if not properly regulated.