The regulation that was passed in the year 2010 because of the housing collapse in 2009 was the Wall Street Reform and Consumer Protection Act.
The Consumer Protection Act's primary goals include protecting consumers and offering a mechanism for taking swift action on complaints. In order to defend the rights and interests of consumers against any fraud or unfairness, the Consumer Protection Act (CPA) was passed in 1986. It was replaced by the Consumer Protection Act of 2019.
Consumer protection ensures that customers have access to efficient redress methods and are able to make well-informed decisions about their options. Additionally, it encourages companies to ensure the caliber of the goods and services they provide.
Read more on consumer protection here: https://brainly.com/question/1862829
#SPJ1
during the economic collapse of 2020 many people had concerns about the stability of the financial system. as employment fell, many residents were unable to make mortgage, rent, car, or credit card payments. many wondered: would we see another financial panic, like what occurred following the housing collapse in 2009?
What regiulation was passed in 2010
