Question

Which of the following executive agencies was created by Congress in the aftermath of the financial crisis that began in 2008?

A) Federal Reserve Board
B) Department of Housing and Urban Development
C) Council of Economic Advisers
D) Consumer Financial Protection Bureau

Answer 1

The executive agency formed in response to the 2008 financial crisis is the Consumer Financial Protection Bureau (CFPB), established in 2011 to oversee financial industries and protect consumers.

Step-by-step explanation:

The executive agency created by Congress in the aftermath of the financial crisis that began in 2008 is the Consumer Financial Protection Bureau (CFPB). Established in 2011, the CFPB was created to oversee financial industries that had been prone to abusive practices, as a part of the federal government's legislative response to the recession. This agency encounters significant debate and opposition, with partisan disputes concerning its structure, leadership, and budget. Despite these challenges, the CFPB was designed to protect consumers and to ensure fair practices in the banking and finance sectors.