Which of the following is NOT a requirement of the Dodd-Frank Act?

The elimination of all loan origination fees is not a requirement of the Dodd-Frank Act. While the Act aims to protect consumers from abusive financial practices and improve transparency in the lending process, it does not mandate that all loan origination fees be removed. Instead, the Dodd-Frank Act places limits on certain practices and encourages fair treatment of borrowers but allows for the existence of loan origination fees provided they are disclosed and reasonable.

In contrast, the other aspects of the Dodd-Frank Act that include the establishment of the Consumer Financial Protection Bureau, enhanced consumer protection regulations, and strengthening of mortgage servicing rules are core components of the legislation. The Act was created in response to the financial crisis of 2008 to foster a more transparent and fair mortgage lending environment. The Consumer Financial Protection Bureau was specifically established to oversee and enforce consumer financial protection laws, while enhanced regulations and stronger rules surrounding mortgage servicing were implemented to provide greater safeguards for borrowers.