Dodd-Frank

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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.


Reference:

(Sample citation: Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203, § 929-Z, 124 Stat. 1376, 1871 (2010) (codified at 15 U.S.C. § 78o) [Bluebook R. 12.4].)


Dodd-Frank replacement unveiled

In an ambitious plan to undo the US Dodd-Frank financial reform law, the head of the US House of Representatives banking panel has released a second draft of a replacement act.
... Republicans including President Trump believe Dodd-Frank, which has not been fully enacted, is unduly burdensome on banks and businesses, and restricts lending.
The Treasurer magazine, May 2017, p8


See also


Other links

Summary of the Dodd-Frank Act: Swaps and Derivatives, Practical Law