Explain and discuss the Dodd Frank Act of 2010.
Dodd Frank Act 2010
Length: 3 pages (873 Words)
Dodd-Frank Act 2010
Dodd- Frank Act 2010 was brought about by the development of the consumer protection act after the great recession. The Act was meant to regulate the finances of the government. It was affected by all the financial services in the country. The bill was brought about by Barney Frank and Chris Dodd in the year 2010, and hence it was named after the two people. The act came about as a result of the period that was experienced after the great recession in the year 2007-2010, the bill was supposed to regulate the different kinds of financial services (Berson &Dave 3).
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