Among the major reforms adopted under the Dodd-Frank Financial Reform Act of 201

Question

Among the major reforms adopted under the Dodd-Frank Financial Reform Act of 2010 were: (Circle three correct answers) Creates a national consumer complaint hotline Encourages growth and continued complexity of large financial institutions Creates the Financial Stability Oversight Council Continues the practice of taxpayer-funded bailouts of failing financial institutions Creates an orderly liquidation mechanism for FDIC to unwind failing systemically significant financial companies. the financial oversight Council has the ability to require nonbank financial companies that pose a risk to the financial stability of the United States to submit to supervision by the Federal Reserve Enables financial institutions to continue to make loans to borrowers without proof of ability to repay under certain circumstances

Explanation / Answer

The choices are A , C & E

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