The Dodd-Frank Act Created a Consumer Financial Protection Bureau That

question 318

True/False

The Dodd-Frank Act created a Consumer Financial Protection Bureau that has significant power to expand regulation over consumer credit.

---

Definitions:

Legally Divorced

The formal termination of a marriage by a court or other competent body, restoring the individuals to single status with legal rights to remarry.

Dependent Children

Children who rely on their parents or guardians for financial support and may qualify the supporter for certain tax benefits.

Married Filing Separately

A tax filing status for married couples who choose to file their tax returns separately, which can affect deductions and tax rates.

Personal Exemptions

Deductions taxpayers could claim for themselves and dependents, significantly reduced under the Tax Cuts and Jobs Act of 2017.