Asked by Thomas DeAngelis on May 02, 2024

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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) Create incentives for whistle-blowers to come forward
E) Increases oversight of the financial industry

Dodd-Frank Wall Street

A United States federal law passed in 2010 aimed at reducing risks in the financial system by imposing comprehensive regulations on financial institutions.

Financial Literacy

The ability to understand and use various financial skills, including personal financial management, budgeting, and investing.

Whistle-Blowers

Individuals who expose illegal practices or unethical conduct within an organization to the authorities or the public.

  • Comprehend the key features of important financial and ethical directives, such as the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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ZK
Zybrea KnightMay 03, 2024
Final Answer :
C
Explanation :
The Dodd-Frank Wall Street Reform and Consumer Protection Act did not create an organization to pay the bills of low-income consumers. Instead, it focused on increasing financial accountability and transparency, creating a bureau to educate consumers in financial literacy, creating incentives for whistle-blowers to come forward, and increasing oversight of the financial industry.