Dodd-Frank: Difference between revisions
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The main aims of Dodd-Frank are to: | The main aims of Dodd-Frank are to: | ||
1. Promote the financial stability of the United States by improving accountability and transparency in the financial system; | 1. Promote the financial stability of the United States by improving accountability and transparency in the financial system; | ||
2. End "too big to fail"; | 2. End "too big to fail"; | ||
3. Protect US taxpayers by ending bailouts; and | 3. Protect US taxpayers by ending bailouts; and | ||
4. Protect consumers from abusive financial services practices. | 4. Protect consumers from abusive financial services practices. | ||
Revision as of 08:25, 20 May 2013
US. Abbreviation for the Dodd-Frank Act. In full, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The main aims of Dodd-Frank are to:
1. Promote the financial stability of the United States by improving accountability and transparency in the financial system;
2. End "too big to fail";
3. Protect US taxpayers by ending bailouts; and
4. Protect consumers from abusive financial services practices.
