The Dodd-Frank Act is primarily aimed at what purpose?

The Dodd-Frank Act, officially known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, was enacted in response to the financial crisis of 2007-2008. Its primary purpose is to enhance regulation of the financial services industry and to protect consumers from abusive financial practices.

One of the key components of the Dodd-Frank Act is the establishment of the Consumer Financial Protection Bureau (CFPB), which focuses specifically on safeguarding consumers in their financial dealings, such as mortgages and credit cards. The Act aims to provide consumers with clearer information about financial products and to prevent practices that could lead to predatory lending and other forms of exploitation.

In this context, while other options may contain aspects that could relate to the financial industry, they do not align with the core mission of the Dodd-Frank Act. The Act was not designed to bail out banks, favor bankers, or create more government positions. Instead, it firmly centers on consumer protection, making that choice the most accurate reflection of the Act's objectives.