Journal Article

Financial Reform Brings New Consumer Protections

Abstract: On July 21, 2010, President Barack Obama signed into law the Dodd?Frank Wall Street Reform and Consumer Protection Act. The full title of this sweeping legislation suggests its breadth: ?An act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ?too big to fail,? to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services, and for other purposes.? The act, which contains 16 sections or ?titles,? touches almost every aspect of the financial services industry and is ?arguably the most substantial financial regulatory reform legislation since the 1930s.?

Keywords: Frank Dodd; Financial reform;

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Cascade

Publication Date: 2011-01

Volume: 1

Order Number: 76