blog writing #the policy dodd-frank wall street reform and consumer protection act

The policy Dodd-Frank Wall Street Reform and Consumer Protection Act was passed Dodd-Frank Congress in the United States in response to actions taken by the financial industry that contributed to the 2007–2008 financial crisis. The act aimed to increase consumer and taxpayer safety within the US financial sector. The legislation, which was named for its sponsors, Sen. Christopher J. Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.), comprises a long list of provisions that are spread out across 848 pages and are intended to be implemented over a number of years. The Dodd-Frank Wall Street Reform and Consumer Protection Act was a significant piece of financial reform legislation that was passed in 2010 during the Obama administration.