In $2010,$ President Obama signed into law the Dodd$$Frank Act. Which of the following accurately describes the intent of this act?

To mandate lenders to explicitly state the APR being charged on the loan and explain how much interest will be paid on the loan

To ensure that banks that want to merge or expand can demonstrate that they are lending and providing financial services to people across their geographical area

To increase the amount of consumer protection in financial markets

To mandate credit bureaus to report only accurate information and let people know what is in their credit report and correct errors

Which of the following is a common criticism of the Dodd$$Frank Act?$$Check all that apply.

Continuing presence of redlining in urban and minority areas

The burdensome and expensive certification documentation

The threat of government overreach

Credit reports increasingly being used in the employment process