Which of the following legislations created the Consumer Fin

Which of the following legislations created the Consumer Financial Protection Bureau (CFPB)?

I chose The Federal Financial Supervisory Authority as my answer but it is not correct.

Solution

Although there is no specific evidence around the creation of CFPB, it is assumed that The Restoring American Financial Stability Act 2010 was behind the creation of the CFPB as this Bureau was created at a time when the American economy was in a mess and there was no market discipline in the market. This Bureau was created to provide a single point of accountability for maintaining financial laws at around the year 2009. Therefore, I think that Restoring American Financial Stability Act is the correct answer