The Dodd-Frank Wall Street Reform and Consumer Protection Act created the Consumer Financial Protection Bureau (CFPB), which plays a central role in financial privacy. This episode explains the CFPB’s authority, its supervision of financial institutions, and its role in enforcing consumer privacy protections. We’ll also cover how Dodd-Frank introduced new requirements for transparency, accountability, and risk management.
Exam questions often test your knowledge of the CFPB’s role and its overlap with other regulators. Understanding Dodd-Frank’s impact on consumer privacy gives you another piece of the puzzle in the federal sectoral model. Produced by BareMetalCyber.com