3 Questions
What is considered a deceptive act or practice under Dodd-Frank?
An act or practice that misleads or is likely to mislead the consumer, the consumer's interpretation is reasonable under the circumstances, and the misleading act or practice is material.
What is the consequence of making false statements that could mislead consumers?
It could violate Dodd-Frank's prohibition of deceptive acts or practices.
What must be taken into consideration when determining whether an act or practice is deceptive?
The entire situation
Test Your Knowledge on Deceptive Acts and Practices under Dodd-Frank Law Do you know what constitutes as a deceptive act or practice under the Dodd-Frank Law? Take this quiz to test your understanding and learn more about the conditions that make an act or practice misleading. Use keywords such as Dodd-Frank, consumer protection, deceptive acts, and materiality to make the title and description more specific.
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