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Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)
Practical Law Glossary Item 4-502-8619 (Approx. 3 pages)
Glossary
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) was enacted to restructure the financial regulatory system to restore public confidence following the 2008 financial crisis and prevent another crisis from occurring.
The Dodd-Frank Act puts in place wide-ranging reforms of the US financial regulatory system, affecting most if not all aspects of the financial industry and a wide variety of financial products, including:
- Financial and bank holding companies.
- Private equity and hedge funds.
- Swaps and derivatives.
For more information on key components of the Dodd-Frank Act, see Practice Note, Road Map to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.