ComplianceOnline

Dodd-Frank Wall Street Reform and Consumer Protection Act

  • Date: August 02, 2010
  • Source: http://www.gpo.gov
Abstract:

Enacted by the Senate and House of Representatives of the United States of America in Congress assembled, this Act may be cited as the ‘‘Dodd-Frank Wall Street Reform and Consumer Protection Act’’. The Dodd–Frank Wall Street Reform and Consumer Protection Act is a federal statute in the United States and was signed by President Barack Obama on July 21, 2010. The aim of the legislation is 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 practices, and for other purposes.

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