Answered

Type the correct answer in the box. Spell all words correctly.

Which Act was enacted as a response to the rising level of unsecured consumer debt?

The __________ Act was enacted as a response to the rising level of unsecured consumer debt.



Answer :

GinnyAnswer

Final answer:

The Dodd-Frank Act was enacted to address rising unsecured consumer debt by creating the Consumer Financial Protection Agency to oversee credit markets.


Explanation:

The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Dodd-Frank Act, was enacted in response to the rising level of unsecured consumer debt. This act created the Consumer Financial Protection Agency to regulate consumer credit markets, including credit card fees and mortgage contracts.


Learn more about Dodd-Frank Act and Consumer Financial Protection Agency here:

https://brainly.com/question/28255151


Other Questions