Question

Q. Protecting consumers of financial products from abusive practices is a goal of​

Answer 1

Answer:

The broad objectives of regulation include the following: 1 Protect consumers. ... Regulators seek to protect consumers from abusive and manipulative practices—including fraud—in financial markets. Regulators may, for instance, prevent investment firms from selling complex or high- risk investments to individuals.

Explanation:

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Answer 2

Answer:

As provided in section 1021 of the Dodd- Frank Act, the purpose of the CFPB is to implement and enforce Federal consumer financial laws consistently for the purpose of ensuring that all consumers have access to markets for consumer financial products and services and that such markets are fair, transparent, and ...