The Responsibilities Granted to the CFPB That Has Been Written

question 70

Multiple Choice

The responsibilities granted to the CFPB that has been written in the legislation are extensive and include authority to ______ with assets over $10 billion.

• A)examine and enforce regulations for pension funds
• B)examine and enforce regulations for corporate executives
• C)oversee corporations with financial problems
• D)examine and enforce regulations for banks and credit unions

---

Definitions:

Capital

The collection of physical and financial assets used by an individual or organization to produce goods and services.

Services

Services like accounting, banking, cleaning, consulting, education, insurance, professional knowledge, medical care, and transportation that cannot be physically touched.

Goodwill

An intangible asset on a company's balance sheet that represents the premium paid over the fair market value of the acquired assets in a business acquisition.

Tangible Capital

Physical assets that are used in the operating activities of a business, such as buildings, machinery, and equipment.