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Questions and Answers
What is considered a substantial injury under Dodd-Frank?
What is considered a substantial injury under Dodd-Frank?
- Any form of harm (correct)
- Physical injury
- Only monetary harm
- Emotional distress
What are the three criteria for an act or practice to be considered unfair under Dodd-Frank?
What are the three criteria for an act or practice to be considered unfair under Dodd-Frank?
- Causes substantial injury, avoidable by consumers, outweighed by benefits
- Causes physical harm, not avoidable by consumers, outweighed by benefits
- Causes monetary harm, not avoidable by consumers, outweighed by benefits
- Causes substantial injury, not avoidable by consumers, not outweighed by benefits (correct)
What is the significance of a significant risk of concrete harm under Dodd-Frank?
What is the significance of a significant risk of concrete harm under Dodd-Frank?
- It is considered substantial injury (correct)
- It is not considered substantial injury
- It is not a factor in determining substantial injury
- It is only considered for monetary harm
What is considered a deceptive act or practice under Dodd-Frank?
What is considered a deceptive act or practice under Dodd-Frank?
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What is required to minimize the risk of omitting material information or making false statements that could mislead consumers?
What is required to minimize the risk of omitting material information or making false statements that could mislead consumers?
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What must be considered when determining whether an act or practice is deceptive?
What must be considered when determining whether an act or practice is deceptive?
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