EBK ECONOMICS OF MONEY, BANKING AND FIN
EBK ECONOMICS OF MONEY, BANKING AND FIN
11th Edition
ISBN: 8220103112550
Author: Mishkin
Publisher: Pearson Education (US)
Question
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Chapter 12, Problem 24Q
To determine

The reason for including the consumer protection provisions in the Dodd-Frank bill, a bill designed to strengthen the financial system.

Introduction:

Consumer protection is an act that ensures consumers right to protection against unfair trade practices, inaccurate information, imperfect competition in the market and prevents sellers and firms that are engaged in fraud or unfair trade practices. Thus, Consumer protection Act protects rights of consumers and also provides additional protection to the society.

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