Part of the Dodd-Frank Act is the agency entitled Consumer Financial Protection Beurea (Ferrell, Fraedrich, & Ferrell, 2013). The focus of this agency is to make sure banks, lenders, and other financial organizations treat consumers fairly (CFPB, 2017). Most consumers do not understand all the implications that are involved in credit and lending markets which can lead to decisions that are made without the consumer being fully informed of the consequences. These consequences can have a societal impact when the borrowers can no longer meet their contractural agreement. “September and October of 2008 was the worst financial crisis in global history, including the Great Depression,” Mr. Bernanke is quoted as saying in the document filed with the
