Đạo đứcCâu 304 / 400
Which agency has primary federal authority to enforce the prohibition on unfair, deceptive, or abusive acts or practices in consumer mortgage lending?
a.The Federal Reserve Board only
b.The Department of Housing and Urban Development (HUD)
c.The Consumer Financial Protection Bureau (CFPB)
d.The Securities and Exchange Commission (SEC)
Giải thích
The CFPB has primary authority to enforce UDAAP in consumer financial products, including mortgages. The Federal Reserve no longer holds primary rulemaking here, HUD administers fair-housing matters, and the SEC oversees securities, not consumer mortgage UDAAP.
Trích dẫn luật: UDAAP (Dodd-Frank)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A loan officer only shows loan programs in predominantly minority neighborhoods to minority applicants and never mentions those areas to white applicants. This is an example of:
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