Answered: What provisions in the Dodd-Frank Wall…

What provisions in the Dodd-Frank Wall Street Reform andConsumer Protection Act are designed to prevent a futurefinancial crisis?

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter8: Subprime Lending Fiasco-ethics Issues

Section: Chapter Questions

Problem 14Q

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Question

What provisions in the Dodd-Frank Wall Street Reform and
Consumer Protection Act are designed to prevent a future
financial crisis?

Expert Solution

Step 1

The Dodd Frank Wall Street reform and consumer protection Act is a law for regulating financial markets and protecting the interests of consumers. It has been designed in the after math of financial crisis of 2008 to avert any such happening in the future. The main components of the law are:

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