FDIC Technical Evaluation Practice Test 2025 - Free Technical Evaluation Practice Questions and Study Guide

Question: 1 / 400

What major change did the Dodd-Frank Act implement for the FDIC?

It removed the FDIC's authority to regulate banks

It provided the FDIC with enhanced regulatory powers

The Dodd-Frank Act significantly expanded the regulatory framework surrounding financial institutions in response to the 2008 financial crisis, and one of its key impacts was to provide the FDIC with enhanced regulatory powers. This legislation aimed to improve the stability of the financial system and included provisions that allowed the FDIC to better oversee and manage risks within larger and more complex financial institutions. Among various measures, the act enabled the FDIC to implement a process for the orderly liquidation of failing banks and other financial entities, thereby protecting the economy and enhancing consumer confidence in the financial system.

By strengthening the FDIC's authority, the Dodd-Frank Act also reinforced its role in promoting financial stability and mitigating systemic risks, ultimately ensuring that the FDIC could effectively carry out its mission of protecting depositors and maintaining confidence in the banking system.

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It limited the FDIC's role in consumer protection laws

It consolidated the FDIC with other agencies

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