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Dodd Frank - Coggle Diagram
Dodd Frank
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Regulation of credit cards, loan and mortgages
The Consumer Financial Protection Bureau was introduced to centralise the functions of many different agencies. The office is now responsible for oversight of credit rating agencies, credit and debit cards, as well as pay-day and consumer loans. The CFPB sits under the US Treasury Department
Introduced in the US in response to a number of different economic and regulatory drivers, primarily as a result of the financial crisis in 2008 where weaknesses in the overall US financial system were identified