Dodd-Frank Wall Street Reform and Consumer Protection Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly called the Dodd-Frank Act, is a 2010 U.S. federal law that expanded oversight of financial institutions and consumer protections after the 2008 financial crisis.
Example: A large bank must implement enhanced risk-management and reporting processes to comply with Dodd-Frank provisions governing derivatives and mortgage-lending standards.
💬 Comments