
Understanding Financial Scams and Regulations
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main issue with Capital 1's high yield savings accounts?
They offered the highest rates in the market.
They required customers to switch accounts to get better rates.
They were not affected by Federal Reserve decisions.
They were only available to new customers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major financial event led to the creation of the CFPB?
The 2008 financial crisis
The dot-com bubble
The Great Depression
The 2020 pandemic recession
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the actions taken by the CFPB against Wells Fargo?
They fined Wells Fargo $100 million.
They merged Wells Fargo with another bank.
They shut down Wells Fargo's operations.
They increased Wells Fargo's interest rates.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which fintech company was ordered by the CFPB to refund users due to fraud issues?
Zelle
PayPal
Cash App
Venmo
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the impact of the CFPB's pause in 2025?
It resulted in the creation of a new agency.
It increased the CFPB's regulatory powers.
It halted enforcement actions and lawsuits.
It led to the immediate closure of all banks.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who was responsible for ordering the CFPB's employees to stop work tasks in 2025?
The President of the United States
The Supreme Court
Russell Vote
Elon Musk
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the reasons some wanted the CFPB to be shut down?
It was too lenient on banks.
It was too expensive to maintain.
It had no impact on financial regulations.
It was seen as a threat to certain political interests.
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