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Simple English definitions for legal terms

Dodd-Frank: Title XI - Federal Reserve System Provisions

Read a random definition: remote possibility

A quick definition of Dodd-Frank: Title XI - Federal Reserve System Provisions:

Dodd-Frank: Title XI is a law that makes changes to the Federal Reserve System, which is like the bank for the United States. The law allows the government to check on the Federal Reserve's operations and make sure they are doing things right. It also lets the Federal Reserve give emergency loans to banks, but only if the banks have enough security to pay back the loan. The law also creates a new position called the Vice Chairman for Supervision, who helps make sure the Federal Reserve is doing a good job. Overall, the law helps make sure the Federal Reserve is being responsible and not taking too many risks that could hurt the economy.

A more thorough explanation:

Definition: Title XI of the Dodd-Frank Wall Street Reform and Consumer Protection Act addresses changes to the Federal Reserve System. It allows greater supervision of the Federal Reserve's operations by allowing the Comptroller General of the United States to audit the Federal Reserve Board, banks, and credit facilities. It also allows the Board to establish a guarantee program for emergency loans and makes changes to governance and positions.

Example: One provision of Title XI is that the Comptroller General of the United States can audit the Federal Reserve Board, banks, and credit facilities. This means that an independent auditor can review the operations of the Federal Reserve to ensure that they are following proper procedures and not engaging in any inappropriate activities.

Explanation: The example illustrates how Title XI allows for greater supervision of the Federal Reserve's operations by allowing an independent auditor to review their activities. This helps to ensure that the Federal Reserve is acting in the best interests of the public and not engaging in any activities that could harm the economy or financial markets.

Dodd-Frank: Title X - Bureau of Consumer Financial Protection | Dodd-Frank: Title XII - Improving Access to Mainstream Financial Institutions

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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