Which act primarily focuses on preventing mortgage fraud and ensuring consumer protection?

The Dodd-Frank Act is primarily focused on preventing mortgage fraud and ensuring consumer protection within the financial services industry. This legislation was enacted in response to the financial crisis of 2008 and introduced several regulatory reforms designed to increase transparency, accountability, and consumer protection in the mortgage markets.

One of the key components of the Dodd-Frank Act is the creation of the Consumer Financial Protection Bureau (CFPB), which is tasked with overseeing financial institutions and ensuring they follow fair lending practices. The act includes provisions that address various aspects of mortgage lending, such as requiring lenders to assess a borrower's ability to repay a loan, thereby helping to reduce the incidence of predatory lending and other fraudulent practices.

In contrast, the other acts mentioned have different focuses: the Truth-In-Lending Act aims to promote informed use of credit by ensuring clear disclosure of terms and costs; the Secure and Fair Enforcement Act (SAFE ACT) deals with licensing and regulation of mortgage loan originators, ensuring they meet certain standards; and the Real Estate Settlement Procedures Act (RESPA) focuses on disclosure of settlement costs and protecting consumers from abusive practices in the closing process. Each of these laws contributes to consumer protection in the mortgage industry, but the Dodd-Frank Act encapsulates a