Title X refers to which act that established the framework for consumer financial protection?

Title X refers to which act that established the framework for consumer financial protection?

• A. Consumer Financial Protection Act
• B. Mortgage Reform and Anti-Predatory Act
• C. Real Estate Settlement Procedures Act Amendment
• D. Truth in Lending Act Update

Answer: (A)

Title X is the Consumer Financial Protection Act, the part of the Dodd-Frank Act that created the Consumer Financial Protection Bureau and established the framework for federal consumer protection. This framework centralizes oversight of consumer financial products—like mortgages, credit cards, and other lending practices—under a single agency with authority to write rules, supervise institutions, and enforce compliance. The other options refer to different reforms or amendments, but they do not establish the broad, unified consumer protection structure that Title X did.

Title X is the Consumer Financial Protection Act, the part of the Dodd-Frank Act that created the Consumer Financial Protection Bureau and established the framework for federal consumer protection. This framework centralizes oversight of consumer financial products—like mortgages, credit cards, and other lending practices—under a single agency with authority to write rules, supervise institutions, and enforce compliance. The other options refer to different reforms or amendments, but they do not establish the broad, unified consumer protection structure that Title X did.