99.6k views
2 votes
complete the statement with the correct words the blank was established in 2010 as a result of the dud Frank Act​

User Jezell
by
5.9k points

1 Answer

2 votes

Answer: Consumer Financial Protection Bureau

Step-by-step explanation:

The Consumer Financial Protection Bureau (CFPB) was established in 2010 as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act which was passed by congress in a bid to make changes to the nation's financial systems and correct factors that may contribute to another crises like the Great Recession of 2008.

The CFPB's role is to protect the interest of customers in the financial services sector and as a result all financial services providers in the United States fall under its jurisdiction including banks, securities firms and credit unions.

User Martjno
by
5.4k points