A significant change to U.S.financial regulation occurred with the 2010 Congressional enactment,the:
A) Sarbanes-Oxley Act.
B) Wall Street Reform and Consumer Protection Act.
C) RMBCA.
D) Statutory Close Corporation Supplement.

Question

Quizplus · Accepted Answer

The Wall Street Reform and Consumer Protection Act, also known as the Dodd-Frank Act, was enacted by Congress in 2010 and resulted in significant changes to U.S. financial regulation. It aimed to increase accountability and transparency in the financial industry, and established a number of new agencies and regulations to achieve this goal. This act has had a significant impact on the financial industry and continues to be a topic of debate and discussion today.

A Significant Change to U