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The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. [1] The law overhauled financial regulation in the aftermath of the Great Recession , and it made changes affecting all federal financial regulatory agencies and almost every ...
Dodd–Frank expanded these laws to potentially handle insurance companies and nonbank financial companies and changed these liquidation laws in certain ways. [16] Once it is determined that a financial company satisfied the criteria for liquidation, if the financial company's board of directors does not agree, provisions are made for judicial ...
The Dodd–Frank Wall Street Reform and Consumer Protection Act, also known as simply Dodd–Frank, is a series of laws that enacted significant financial regulation reform, as a response to the Great Recession.
The Act was the most significant change to U.S. banking regulations since Dodd–Frank. [5] [7] [8] Barney Frank, leading co-sponsor of Dodd-Frank, said parts of the original law were a mistake and supported the legislation. [9] [10] [11] [12]
On July 22, 2010, the most recent Wall Street reform bill, the Dodd–Frank Wall Street Reform and Consumer Protection Act, was signed by President of the United States Barack Obama, following the 2007–2008 financial crisis.
It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a senator from Illinois, after whom the amendment is named. [2] After the rule to limit fees, 12 C.F.R. §235, went into effect, a coalition of merchants sued the Federal Reserve.
Dodd–Frank Wall Street Reform and Consumer Protection Act Economic Growth, Regulatory Relief and Consumer Protection Act The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( FIRREA ), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s.
The 2010 Dodd-Frank reform financial regulatory legislation was enacted during the Obama administration [3] in response to the financial crisis of 2007–2008. [4] It amended the Commodity Exchange Act, the Consumer Credit Protection Act, the Federal Deposit Insurance Act, the Federal Deposit Insurance Corporation Improvement Act of 1991, the Federal Reserve Act, the Financial Institutions ...