The Aftermath Of Financial Crisis Of 2008 That Was Caused...

Angel Santizo Finance 320 October 5th 2016 Current Issues In the aftermath of Financial Crisis of 2008 that was caused by poor regulation of the finance industry Dodd Frank was passed. As part of Dodd-Frank, The Consumer Financial Protection Bureau (CFPB) was created to enforce federal consumer financial laws and protect consumers in financial marketplaces. Its’ mission is ensuring financial markets work for consumers and responsible providers for the benefit of the economy as a whole. In pursuit its mission it aims to protect consumers from illegal, deceptive, unfair and/or abusive practices. In order to achieve these goals, the CFPB works to empower consumers by creating tools, answering questions and providing advice to help them understand their choices and shop for the deal that best fits their needs. It also promotes financial education at all stages of life which improves financial outcomes. It publishes research in support of better policies. It also educates financial companies about their obligations under the law. It has the authority to propose new rules that are in the public interest as well as take action against predatory practices. The CFPB also allows consumers to file complaints, and monitors financial markets for risks. From inception the CPFB was authorized by Congress to exert authority over financial companies in 3 specific markets among them the market for payday, title and certain high cost installment (hereafter referred to as payday) loansShow MoreRelatedPossible Exam 310042 Words   |  41 Pagesloans. TRUE 2. A commonly accepted theory is that the Subprime lending crisis was due the Government placing more restrictions and regulations on the investment banking industry starting in 1999. FALSE 3. For the most part, the credit ratings granted to mortgage-backed securities did not accurately reflect the true risk of the securities. TRUE 4. In hindsight, most observers agree that Enron’s problems were caused by a failure of the board of directors to exercise adequate oversight. TRUERead MoreThe Theoretical Framework Of The Study And Is Divided Into Four Main Sections10335 Words   |  42 Pagessection describes the recent financial crisis or global economic recession. Section two reviews any similarities between the recent crisis and previous crises. Section three explores the measures taken by governments to prevent a reoccurrence of a financial crisis Section four discusses FDI and mergers and acquisitions. 2.2 Financial Crisis/Global Economic Recession As defined by Eichengreen and Portes (1987) a financial crisis tends to be disruptions within financial markets and are characterisedRead MoreCorporation (Fisch) Outline Penn Law Essay62808 Words   |  252 Pages(secondary liability- RS) ââ€" ª Issue: Whether Kynast was acting as the agent of Ashland such that the university could be held liable for Kynast’s wrongful acts? ââ€" ª Holding: No, Kynast was not acting as the agent of Ashland. †¢ In order to establish a claim under the doctrine of RS, it must be demonstrated (1) that a principal-agent relationship existed, and (2) that the tortious conduct was committed by the agent while in the scope of his agency. ElementRead MoreAnz Bank142091 Words   |  569 Pagesdistinctive Asia Pacific footprint sees us uniquely positioned to meet the needs of customers who are dependent on regional capital, trade and wealth flows. By building a ‘super-regional’ bank, ANZ can better serve our customers and achieve superior financial returns over the longer term. ANZ’s aspiration is to have 25 to 30% of ANZ Group profit after tax (including network revenues) sourced from Asia Pacific, Europe and America, by 2017. ANZ has made good progress towards this goal. Achievements