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Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, two years after the worst economic downturn since the Great Depression vaporized about $14 trillion in wealth,
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 July 21, 2010 Signed by president barack obama on July 21, 2010, this legislation provided wide-ranging prescriptions aimed at correcting the causes of the 2007-09 financial crisis.
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An act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
Last year, President Obama and the Democrat-run Congress rushed through the sweeping overhaul of healthcare amounting to the unconstitutional power grab followed quickly by Dodd Frank Wall Street.
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Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act? a. Increases the accountability and transparency of financial institutions b. Creates a bureau to educate consumers in financial literacy c. Creates an organization to pay the bills of low-income consumers d.
Consumer Financial Protection Act of 2010 (CFPA), Section 1057 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, 12 U.S.C. 5567 Enacted July 21, 2010 Note: Effective date of July 21, 2011, has been set by the Secretary of the Treasury pursuant to Sections 1058 and 1062.
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See 7 U.S.C. 1a(47); see also Dodd Frank Wall Street Reform and Consumer Protection Act 761(a)(6). Title VII provides a registration exemption for dealers that engage in a de minimisamount of swap dealing activity, and directs the CFTC and SEC to promulgate standards clarifying which activities fall within the de minimis threshold.