what is dodd frank legislation
What is Dodd-Frank? The Dodd-Frank Wall Street Reform and Consumer Protection Act was an important piece of legislation to emerge from the ashes of the global financial crisis of 2008. Named after its sponsors, Senator Christopher J. Dodd and U.S. Representative Barney Frank, the 2,300 page law was passed by the Obama administration in 2010 in a bid to eliminate various risks across Americaâs wider financial system.