FHFA Authority and Origin: Created under which law?

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Multiple Choice

FHFA Authority and Origin: Created under which law?

FHFA authority and origin come from the Housing and Economic Recovery Act of 2008. This act created the Federal Housing Finance Agency as the standalone regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, in response to the financial crisis. The other laws listed do not establish the FHFA: Gramm-Leach-Bliley Act shifted banking/insurance regulatory boundaries, the Federal Reserve Act created the Federal Reserve System, and the Dodd-Frank Act reformed financial regulation but did not create the FHFA.

FHFA authority and origin come from the Housing and Economic Recovery Act of 2008. This act created the Federal Housing Finance Agency as the standalone regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, in response to the financial crisis. The other laws listed do not establish the FHFA: Gramm-Leach-Bliley Act shifted banking/insurance regulatory boundaries, the Federal Reserve Act created the Federal Reserve System, and the Dodd-Frank Act reformed financial regulation but did not create the FHFA.

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