Willow is concerned that she is not getting full disclosure of information from a mortgage broker who is hoping to refinance the mortgage on her house. Having recently studied business law, you suggest to Willow that she contact the ________ that was formed after the Dodd-Frank Wall Street Reform and Consumer Protection Act became law.
A) Federal Trade Commission (FTC)
B) Consumer Financial Protection Bureau (CFPB)
C) Due Diligence Agency (DDA)
D) Financial Fairness Consortium (FFC)

Question

Quizplus · Accepted Answer

The Consumer Financial Protection Bureau was a government oversight agency created out of the Dodd-Frank Wall Street Reform Act. This agency's mission is to provide full disclosure about mortgage information and other consumer information. Its premise is to keep consumers informed to make better decisions.

Willow Is Concerned That She Is Not Getting Full Disclosure