Which law intended to protect consumers from misleading financial practices?

The law that specifically aimed to protect consumers from misleading financial practices is the Consumer Financial Protection Act. This act was established to create the Consumer Financial Protection Bureau (CFPB), which oversees and enforces regulations to ensure that financial institutions conduct business in a transparent manner. The CFPB works to prevent deceptive, unfair, or abusive practices in the financial sector, ensuring that consumers have the necessary information to make informed financial decisions.

While the other laws mentioned also play significant roles in the financial landscape, they focus on different aspects. For example, the Sarbanes-Oxley Act primarily addresses corporate governance and financial disclosures, aiming to enhance the accuracy of financial reporting and increase accountability among corporations. The Graham-Leach-Bliley Act promotes competition by allowing affiliations between commercial banks, investment banks, and insurance companies, but it does not primarily focus on consumer protection against misleading practices. The Fair Credit Reporting Act regulates the collection and dissemination of consumer credit information but centers more on credit reporting practices rather than broader consumer financial protections.

In summary, the Consumer Financial Protection Act is specifically designed to safeguard consumers from misleading practices in financial services, making it the correct answer.