The Consumer Financial Protective Bureau, an independent agency housed

QUESTION

The Consumer Financial Protective Bureau, an independent agency housed in the Federal Reserve with its own budget and director and the authority to prevent or correct financial abuses,

was set up as an attempt to try to prevent another big financial crisis. It is responsible for financial consumer protection. The CFPB is an example of an agency that makes administrative law.
Indicate whether the statement is true or false.

ANSWER

Answer: TRUE
Explanation: Administrative law, also called regulatory law, consists of rules and regulations made up by administrative agencies—boards, commissions, and agencies at all levels of government, federal, state, and local.