The Dodd-Frank Wall Street Reform and Consumer Protection Act

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The Dodd-Frank Wall Street Reform and Consumer Protection Act was designed to make the financial services industry more responsible. It included provisions such as increasing regulation of banks and financial institutions, establishing the Consumer Financial Protection Bureau, and promoting transparency and accountability in the financial system. It was not popular among Wall Street bankers, who opposed the increased regulation and oversight. The act was not related to theological discussions in the 1920s and does not require public corporations to hire ethics officers. While it represented significant reform, critics also argue that it did not go far enough in addressing the root causes of the 2008 financial crisis.