Dodd-Frank Wall Street Reform And Consumer Protect

The Dodd-Frank Wall Street Reform and Consumer Protect Act is a law that was passed in 2010. The law was designed to regulate the banking industry and protect consumers from future financial crises. The Act created the Consumer Financial Protection Bureau, which is tasked with protecting consumers from unfair or deceptive practices in the financial sector. The Dodd-Frank Act also created new regulations for banks and other financial institutions. These regulations are meant to make the banking system more stable and prevent another financial crisis like the one in 2008.