The __________ was enacted after widespread abuses in the subprime mortgage market.
A) Walsh-Healy Mortgage Reformation and Consumer Protection Act of 2009
B) Mortgage Lending and Financial Reform Act of 2009
C) Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
D) Financial Institution Regulatory Pronouncement and Consumer Revision Act of 2010

Question

Quizplus · Accepted Answer

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was enacted as a response to widespread abuses in the subprime mortgage market, which contributed to the 2008 financial crisis. The act aimed to increase transparency and accountability in the financial industry, as well as to prevent future financial crises. A and B are not actual acts, while D is not a commonly used or recognized name for any financial reform act.

The __________ Was Enacted After Widespread Abuses in the Subprime