Dodd-Frank Act
Term · Law · MLC-T-LAW-001706
A federal statute enacted in 2010 to reform the financial regulatory system in the United States. It addresses issues that contributed to the 2008 financial crisis, aiming to increase transparency and accountability in the financial industry. The Act created new agencies, such as the Consumer Financial Protection Bureau, and modified the powers of existing regulators.
| Identifier | MLC-T-LAW-001706 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001706",
"term": "Dodd-Frank Act",
"field": "Law",
"definition": "A federal statute enacted in 2010 to reform the financial regulatory system in the United States. It addresses issues that contributed to the 2008 financial crisis, aiming to increase transparency and accountability in the financial industry. The Act created new agencies, such as the Consumer Financial Protection Bureau, and modified the powers of existing regulators.",
"url": "https://mlchart.com/terminology/law/dodd-frank-act/"
}
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