Dodd-Frank Act
About Dodd-Frank Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was the most comprehensive financial regulation since the 1930s. It created the Financial Stability Oversight Council, the Consumer Financial Protection Bureau, and the Volcker Rule. It required derivatives to be traded on exchanges and established orderly liquidation authority for failing banks. The act imposed stress tests on large banks. Critics argued it was too burdensome for community banks. The Trump administration rolled back some provisions in 2018. Dodd-Frank fundamentally changed the regulatory landscape, though loopholes and enforcement gaps remained.
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