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The Office of Financial Research (OFR) is an independent bureau reporting to the United States Department of the Treasury.It was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession. [4]
From 2010 to 2011, he served as a researcher at the Financial Crisis Inquiry Commission. Borzekowski worked at the Consumer Financial Protection Bureau (CFPB) from 2011 to 2019, serving as a supervisory economist, deputy assistant director for research, and assistant director for research.
The act also created the Financial Stability Oversight Council and the Office of Financial Research to identify threats to the financial stability of the United States of America, and gave the Federal Reserve new powers to regulate systemically important institutions. To handle the liquidation of large companies, the act created the Orderly ...
This is a list of United States federal agencies that are primarily devoted to research and development, including their notable subdivisions. These agencies are responsible for carrying out the science policy of the United States .
He followed through on that pledge within days of re-taking office, making many Americans concerned about their already-strained budgets. Tariffs aside, changes to trade and social programs could ...
Russell Vought took over as acting director of the Consumer Financial Protection Bureau on Friday night and officials from Elon Musk’s Department of Government Efficiency deleted the banking ...
President Donald Trump has tasked his Cabinet with coming up with a plan for a sovereign wealth fund. Such funds have grown enormously and usually manage surpluses, while the US runs a huge deficit.
The Office can also issue guidelines to standardizing the way data is reported; constituent agencies have three years to implement data standardization guidelines. [12] It is intended to be self-funded through the Financial Research Fund within two years of enactment, with the Federal Reserve providing funding in the initial interim period. [13]