Allison 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 Allison that she contact the ________________________ that was formed after the Dodd-Frank Wallstreet 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 CFPB was formed after the Dodd-Frank Wall Street Reform and Consumer Protection Act became law to protect consumers from unfair, deceptive, or abusive practices in the financial industry. As a mortgage broker is within the financial industry, Allison should contact the CFPB to ensure she is receiving full disclosure of information regarding her mortgage refinancing.

Allison Is Concerned That She Is Not Getting Full Disclosure